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Internet and telecommunications company $LVLT reported a jump in 4Q15 earnings driven by about $3.3Bil non-cash benefit related to its valuation allowance against deferred tax assets. Net income rose to $3.32Bil or $9.24 per share from $66MM or $0.21 per share last year. Revenue grew to $2.05Bil from $1.91Bil. Pro forma EPS was $0.53 for 4Q15.
$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.