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Profit of beverages giant $PEP climbed 31% in 4Q15, as revenue declined 7% due to currency fluctuation. The net income attributable to the company rose to $1.72Bil, or $1.17 per diluted share, from $1.31Bil, or $0.87 per diluted share, in the prior year quarter. Net revenue fell to $18.59Bil from $19.95Bil a year earlier.
$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.