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$IPG said that it ended 1Q16 with $680MM in cash and short-term marketable securities. Cash used in operations was $649MM vs. $781MM in 1Q15, while cash used in working capital fell to $690MM vs. $785MM in 1Q15. Financing activities used $158MM mainly for common stock dividend of $60MM and $54MM for share repurchases.
$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.