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$MU's Embedded business unit posted 2Q16 revenue of $460MM, down 4% from 1Q16. This was impacted by softness in demand from the consumer and industrial multi-market segments, offset by continued strength in the automotive segment. Storage business unit revenue was $901MM, up 2% vs. 1Q16 with non-GAAP operating loss of $18MM.
$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.