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Jefferies analyst Akshay Jagdale asks why EBIT guidance was reduced by almost 21% or $34MM for 2H16. $FLO says that for 1H16, it was off of its targets from a sales perspective mainly due to volume declines in reaction to pricing actions. But going into 2H16, $FLO has to been more promotional to drive share gains, which will impact the top line.
$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.