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Specialty biopharmaceutical company $MNK reported a jump in 1Q16 earnings driven by higher sales and profits from recently acquired assets in the Specialty Brands segment. Net income rose to $211.1MM or $1.82 per share from $92.7MM or $0.79 per share last year. Net sales grew 20.3% to $914.8MM. Adjusted EPS increased 16.8% to $2.09.
$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.