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Art business company $BID reported an increase in 2Q16 earnings helped by lower expenses. Net income was $89MM or $1.52 per share in 2Q16 compared to $67.6MM or $0.96 per share in 2Q15. Adjusted net income was $88.6MM or $1.51 per share in 2Q16. Total revenues fell to $298.6MM from last year due to a decrease in net auction sales.
$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.