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Retailer of natural and organic foods, reported an increase in its 2Q16 revenue. The company posted total revenue of $3.7Bil, up 1.3% compared to 2Q15. Net income dropped to $142MM during 2Q16 compared to $158MM in 2Q15, hurt by higher expense. The EPS remained flat at $0.44 per share. Comparable store sales decreased 3% during the quarter.
$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.