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$COST's 2Q16 effective tax rate was positively impacted by immaterial discrete net tax benefits. The provision for income taxes in 2Q16 was favorably impacted by discrete net tax benefits of $45MM, mainly due to a $57MM tax benefit recorded in 2Q15 in connection with the special cash dividend paid to employees through the 401(k) Retirement Plan.
$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.