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$JCP 2Q15 PR: Net sales for the quarter increased 2.7% to $2,875MM compared to $2,799MM in 2Q14. Same store sales increased 4.1% for the period. Net loss for the quarter decreased 19.8% to $138MM compared to $172MM in 2Q14. Gross margin improved 100 BPs to 37% of sales, driven by improvements in clearance and promotional selling margins.
$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.