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$PAYX's operating income net of certain items increased 11% to $285MM for 1Q16 and achieved operating margin of 40%, up from 39% in the prior year quarter. $PAYX anticipates its full year operating margin will be within the guidance previously provided. Effective income tax rate came in at 29.7% for 1Q16 vs. 36.3% last year.
$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.