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$WDC's income tax provision for 1Q16 fell to $31MM from $37MM last year, on result of lower income before income taxes. The difference of tax rate and the U.S. statutory rate are primarily due to tax holidays in Malaysia, Philippines, Singapore and Thailand that expire at various dates from 2016 through 2025 and CY generation of income tax credits.
$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.