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Industrial products manufacturer $CR reported an increase in 1Q16 earnings. Net income in 1Q16 increased to $55MM or $0.93 per share compared to $51.1MM or $0.87 per share in 1Q15. Sales were $660MM, down 3% from 1Q15. The sales decline comprised of a 2% impact from unfavorable FX and a core sales decline of 1%.
$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.