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$WDC 4Q15 Call: Demand for 4Q15 was lower than expected given a weak PC market. Reported revenues of $3.2Bil, non-GAAP GM of 29.8% and diluted EPS of $1.51. Storage shipments were 55 exabytes, up 2% YoverY. Results reflect strong product and technology positioning coupled with solid execution.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.