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$MDLZ CFO Gladden said that the company believes it has further opportunities to improve revenue mix by optimizing trade spending and eliminating less profitable SKUs. The company expects this to be a headwind to its reported organic sales growth in 2016. $MDLZ plans to reduce overheads by leveraging zero-based budgeting.
$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.