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$GRMN 2Q15 Call: We continue to invest in innovation with increasing resources focused primarily on Aviation, Fitness and Outdoor. Our advertising expense increased $11MM from prior year quarter and represented a 5.9% of sales, a 140BP increase. SG&A was up $5MM compared to prior quarter, increasing 70BP with percent of sales to 12.6%.
$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.