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Greg Melich of Evercore ISI asks about gross margin. $WSM said GM was down, predominantly associated with supply chain challenges. The company is seeing a comeback and it is gaining momentum. $WSM is seeing opportunities to get to better levels and moving forward, it believes to see improvements in GM.
$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.