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During 1Q17, $RL said that it spent $78MM vs. $68MM in 1Q16 mostly to support the retail store network, concession shops and infrastructure projects. The company paid approx. $100MM related to repurchase of its Class A common stock. At quarter-end, approx. $200MM remained available for future share repurchases.
$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.