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Evercore ISI analyst Greg Melich questions what drove margins or SG&A in the retail business. $SPLS says that profitability was driven by sales causing deleverage on some of the fixed cost during 2Q16. GM pressure from sales declined. The company says that team did a great job leveraging things like labor and marketing expense.
$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.