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In 2Q16, $HES' E&P operations were overlifted compared to production by approx. 1.7MM barrels. This had the effect of decreasing 2Q16 net loss by approx. $5MM. The E&P effective income tax rate, excluding items affecting comparability, was a benefit of 47% in the quarter vs. a benefit of 41% in 1Q16.
$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.