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$MJN 2Q15 Call: On June 11, 2015, BoD announced a dividend of $0.41 per share for quarter and approx. $1.65 per share for the year. FY15 dividends paid out of earnings are expected to exceed $320MM. FY15 depreciation & amortization expense is expected be $100MM. Over next three years, MJN intend to reduce its non-A&P operating expenses by 300 BP.
$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.