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Software giant $MSFT said its 3Q16 Intelligent Cloud operating income fell $345MM or 14%, primarily due to higher OpEx and lower GM. OpEx rose $267MM or 13%, mainly due to higher R&D expenses of $150MM or 22%, driven by increased investments in the company's cloud platform, including headcount-related expenses.
$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.