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$CMI CEO Rich Freeland said, due to weakening market conditions, the company now expects to scale back the range of light duty engines it plans to manufacture in North America. The change in plans, combined with the uncertainty of winning additional customers for the V8 light duty engine resulted in a charge of $211MM in the quarter, the CEO said.
$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.