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$EA's effective tax rate for 1Q16 was a tax expense of 13.2% compared to 5.4% in 1Q15. The tax rate was increased due to a discrete expense of $40MM & $12MM recorded in 1Q16 & 1Q15 for excess tax benefits from stock-based compensation deductions allocated directly to contribute capital. Gross unrecognized tax benefits rose $6MM to $260MM in 1Q16.
$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.