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Gold and copper miner $NEM reported a decline in 2Q earnings due to higher mining tax expenses as well as a rise in costs and expenses. Net income slid to $23MM or $0.04 per share from $72MM or $0.14 per share last year. Sales grew to $2.04Bil from $1.91Bil. Adjusted EPS increased to $0.44 from $0.26.
$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.