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$MDT posted improved earnings in 1Q17, helped by lower income tax provision compared to 1Q16. Net income was $929MM or $0.66 per diluted share compared to $820MM or $0.57 per diluted share last year. Worldwide revenue was $7.17Bil, a decrease of 1% from 1Q16. Non-GAAP net income was $1.4Bil or $1.03 per diluted share in 1Q17.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.