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For 2Q17, $SIG expects same store sales growth of 1-2%, EPS of $1.39-1.46 and adjusted EPS of $1.49-1.54. For FY17, $SIG expects same store sales growth of 2-3.5%, EPS of $7.88-8.23 and adjusted EPS of $8.25-8.55. Effective tax rate is expected to be 27-28%, Capex will be $315-365MM and net selling square footage growth will be 3-3.5% in FY17.
$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.