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The world's biggest hamburger chain $MCD reported a 9% decline in 2Q16 earnings due to non-cash impairment charges related to ongoing refranchising, general and administrative initiatives and headquarters relocation. Net income fell to $1.09Bil or $1.25 per share from $1.2Bil or $1.26 per share last year. Revenues slid 4% to $6.27Bil.
$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.