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Credit rating company $MCO said its 1Q16 effective tax rate was 32.3% versus 32.9% in 1Q15, the dip mainly due to a reduction in UTBs resulting from a change in New York City tax law relating to income apportionment. $MCO reported cash and cash equivalents and short-term investments of $2.1Bil at March 31, 2016.
$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.