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$ADS, which provides credit card and loyalty programs, reported a higher 2Q16 net income, but profit fell on charges related to an acquisition. For 2Q16, net income increased 8% to $141MM, while EPS fell 41% to $1.24 due to $1.14 in accretion charges related to the company's purchase of the remaining 20% interest in BrandLoyalty, $ADS said.
$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.