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$EAT expects depreciation expense to grow $3-5MM in FY17. CapEx is expected to be $110-120MM. G&A expense is expected to be $16-18MM higher on a dollar basis. Company expects effective income tax rate to be 29-31%, free cash flow to be $230-240MM, and diluted shares outstanding to be 50-53MM in FY17.
$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.