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For 3Q16, $PLCE expects negative currency impact of about $0.03 to adjusted diluted EPS. Adjusted GM is expected to leverage 80-90 BPs. Adjusted SG&A is expected to rise $7-9MM and depreciation is expected to be about $16.5MM. Adjusted operating margin is expected to deleverage 70-90 BPs versus 3Q15.
$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.