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Clothing retailer $FRAN reported a 14% rise in 2Q16 earnings driven by higher sales. Net income rose to $10.59MM or $0.27 per share from $9.3MM or $0.22 per share last year. Net sales grew 9% to $115.26MM, on addition of 44 net new boutiques and 37% jump in ecommerce sales driven by increased website traffic and conversion rate.
$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.