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$GIS 4Q15 Call – Don, CFO: Unallocated corporate expense decreased excluding certain items. Annual interest expense increased $13MM driven by higher average debt levels. In 4Q15 incurred a tax charge of $79MM related to one time repatriation of foreign earnings, expect to pay $24MM in cash taxes. Adjusted effective tax rate 30.5% vs. 32.2% in FY14.
$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.