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CLSA Securities analyst Srini Pajjuri questioned about the impact of LG's license agreement issue on $QCOM annual result. CFO George Davis said that LG dispute would have over $100MM impact on quarterly results. He also added that annual impact will be dependent on LG's loyalty obligation for the year.
$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.