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$AMGN 2Q15 Call: On an adjusted basis, cost of sales margin at 15.1% improved 0.8 points driven by lower royalties and a higher average net sales price. R&D expenses at $918MM were down 6% vs. 2Q14. SG&A expenses were up 2% on a YoverY basis. Total OpEx declined 1% YonY and increased 9% sequentially.
$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.