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Financial services company $PRU reported a drop in 1Q16 earnings due to macro environment headwinds and fluctuations in variable items. Net income fell to $1.34Bil or $2.93 per share from $2.04Bil or $4.37 per share last year. Adjusted operating income dropped to $997MM or $2.18 per share from $1.3Bil or $2.79 per share a year ago.
$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.