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$TWX, the owner of cable channels HBO, Warner Bros. and CNN, reported a 6% fall in 4Q15 revenue, hurt by lower box office sales from Warner Bros studio. Revenue fell to $7.08Bil from $7.53Bil a year ago. Net income rose to $857MM, or $1.06 per diluted share, from $718MM, or $0.84 per diluted share, in the prior year 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.