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$EA said that as a result of GAAP earnings in U.S. over the last 2 years, the company may record a material income tax credit in 4Q16, due to a reversal of a significant portion of the valuation allowance against U.S. deferred tax assets. This would significantly increase GAAP earnings per share, having no effect on non-GAAP earnings or cash flow.
$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.