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Retailer for farmers and ranchers $TSCO reported a decline in 4Q15 earnings due to fall in comparable store sales and incremental costs associated with new distribution facility in Casa Grande, Arizona. Net income slid to $111.7MM from $112.1MM last year, while EPS rose 1.2% to $0.82, on lower shares outstanding. Revenue grew by 3.9% to $1.65Bil.
$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.