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$PAYX expects FY17 net income growth of about 8% and total service revenue growth of 7-8%. $PAYX expects payroll service revenue growth of about 4% and HRS revenue growth of 12-14%. Interest on funds held for clients is expected to reflect mid-single-digit growth. The effective income tax rate is expected to be 35.5-36.0%.
$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.