Want to join the conversation?
$TSCO's gross profit increased 11.2% to $494.4MM for 1Q16 from 1Q15. As a percent of net sales, GM increased 30BP to 33.7% from the prior year. The increase in GM was driven primarily by improved merchandise margin, partially offset by increased transportation costs. Net income increased 16.6% to $67.7MM or $0.50 per diluted share in 1Q16.
$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.