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Internet search giant $GOOG $GOOGL posted higher 2Q16 profit helped by higher revenues. For the quarter, net income rose 24% to $4.87Bil or $7.00 per share, up from $3.93Bil, or $4.93 per share a year ago. Revenue for the quarter rose 21.26% to $21.5Bil. Excluding items, the company earned $8.42 per share.
$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.