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$SYK's research and development expenses were 6.4% of sales in both 3Q14 and 3Q15. Selling, general and administrative costs on an adjusted basis were $862MM or 35.6% of sales in the quarter vs. 35.3% in the prior year period. $SYK to leverage these expenses in 2016 as it continue to drive key cost initiatives.
$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.