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Industrial tools and household hardware maker $SWK reported a higher quarterly profit as cost reductions contributed to margin growth. The company reported 2Q16 earnings of $271.5MM, or $1.84 per share, compared with earnings of $227.2MM, or $1.49 per share a year ago. Revenue rose 2% to $2.9Bil. Gross margin rate was 38.5%, up from 36.9%.
$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.