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Jami Rubin of Goldman Sachs asks about Venezuela revenues. $PFE CFO Frank D'Amelio replies by saying that Venezuela revenue initially projected for 2016 was $800MM, almost the same as 2015. The change in exchange rate from 6.3 to 200 bolÃvar to the dollar conversion is what caused the adjustment for 2016 and feels the timing was appropriate.
$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.