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Data storage equipment maker $EMC reported net income of $268MM or $0.14 per share in 1Q16, up 8% YoverY compared to $252MM or $0.13 per share in 1Q15. Non-GAAP net income attributable to EMC was $603MM and non-GAAP EPS was $0.31. Consolidated revenue was $5.5Bil, down 2% YoverY versus 1Q15.
$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.