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For 1H16, $MCK generated cash from operations of $1.3Bil, and ended 2Q16 with cash and cash equivalents of $5.4Bil. During 1H16, $MCK repurchased nearly $500MM of its common stock, repaid $498MM in long-term debt, had internal capital spending of $274MM and paid $114MM in dividends.
$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.