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For FY16, $PRGS expects operating margin of 15% and adjusted operating margin of 30%. Adjusted free cash flow is expected to be $88-93MM on a GAAP basis and $85-90MM on a non-GAAP basis. Effective tax rate is expected to be 45% on a GAAP basis and 32% on a non-GAAP basis. d EPS of $1.57-1.60.
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.