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US chipmaker $QCOM posted earnings increase of 22% for 3Q16, helped by higher results of operating income & income before income taxes. Net income was $1.4Bil or $0.97 per diluted share vs. $1.2Bil or $0.73 per diluted share in 3Q15. Net revenues rose 4% to $6Bil vs. 3Q15, helped by higher revenues in equipment & services and licensing businesses.
$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.