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Emerging Markets revenue for $NKE was up 19% in 1Q16, driven by improvement in Mexico while 1Q16 demand creation was down 7%. $NKE expects inventories in North America to be elevated for 2Q16 and 3Q16 and anticipates an impact on GM in the near term while clearing excess inventory. EBIT was up 20%, driven by GM expansion and SG&A leverage.
$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.