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$FTI, which provides technical support to the energy industry, reported a steep fall in quarterly profit, as a slump in oil prices forced its customers to reduce activity. The company reported 2Q16 earnings of $2.2MM, $0.01 per share, compared with earnings of $108MM, or $0.46 per share a year ago. Revenue fell 32% to $1.2Bil.
$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.