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Semiconductor devices company $MU posted 3Q16 net loss of $215MM or $0.21 loss per diluted share due to higher operating loss and interest expenses. This is compared to net income of $491MM or $0.42 per diluted share in 3Q15. Revenues fell slightly as higher sales of DRAM products were offset by a dip in sales of trade Non-Volatile products.
$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.