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Semiconductor devices company $MU posted 2Q16 net loss of $97MM or $0.09 loss per diluted share vs. net income of $934MM or $0.78 per diluted share in 2Q15. Non-GAAP net loss per diluted share was $0.05 for the quarter. Total net sales fell 29.5% to $2.93Bil vs. $4.16Bil in 2Q15, hurt by lower cost of goods sold during the quarter.
$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.