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$PCP 1Q16 Call: Investment Cast Products sales were up 1% to $632MM with continued growth in Aerospace and operating income was up 6% to $237MM with 170 BP of margin expansion to 37.5%. Forged products sales were down 8% to $1Bil, primarily due to continued weakness in oil & gas and markets and operating margin down 34% to $204MM.
$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.