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Footwear company $CAL reported lower 1Q16 results, hurt by lower revenue and planned reduction in Brand Portfolio sales. $CAL said net income fell 7.67% to $17.78MM, or $0.41 per share from $19.26MM, or $0.44 per share a year ago. Revenue fell 2.91% to $584.73MM. $CAL's inventory was down 2.1% for the quarter, on solid inventory management.
$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.