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$NOV 2Q15 PR: Revenues were $3.91Bil, a decrease of 19% from 1Q15 and a decrease of 26% from 2Q14. NOV earned net income of $289MM compared to $619MM in 2Q14. Operating profit, excluding other items, was $455MM, or 11.6% of sales. EBITDA, excluding other items, was $627MM, or 16% of sales, down 45% from the prior year.
$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.