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Medical device company $MDT reported that 4Q16 worldwide revenue surged 4% to $7.567Bil vs. $7.304Bil in 4Q15. Revenue also rose 6% on a constant currency basis during the quarter. The company said that GAAP net income on an as reported basis was $1.104Bil or $0.78 per diluted share. Non-GAAP diluted EPS was $1.27, an increase of 9% vs. 4Q15.
$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.