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$FISV estimates that annual amortization expense with respect to acquired intangible assets will be approx. $160MM in 2016, $150MM in 2017, $140MM in each of 2018 and 2019 and $120MM in 2020. Annual amortization expense in 2016 with respect to capitalized and purchased software is estimated to approximate $130MM.
$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.