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Beer and wine maker $STZ, known for brands like Arbor Mist and Black Velvet, reported an increase in 3Q16 results driven by the beer business. In 3Q16, net income grew 22% to $271MM or $1.33 per share versus $222MM or $1.10 per share in 3Q15. Net sales rose 6% to $1.6Bil. Diluted EPS on a comparable basis was $1.42 in 3Q16.
$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.