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Pharmaceutical company $ABC said in 2Q16, adjusted gross profit increased 12% to $1.2Bil. Total adjusted Opex increased 18% to $575MM. Adjusted operating income was $592MM, up 7%. Adjusted operating margin was 1.66%, down 3BP from 2Q15. Adjusted income tax rate was 31.3%. Adjusted diluted EPS grew 16% to $1.68.
$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.