Want to join the conversation?
Analog chip maker $LLTC posted net income of $112MM in 1Q16, down 13.4% from 1Q15 & down 15.6% from 4Q15. Diluted EPS in 1Q16 was $0.46, decreased $0.07 per share & $0.08 per share from 1Q15 & 4Q15 respectively. Net income & diluted EPS decreased due to the decrease in revenue on a sequential basis and from the comparable prior year period.
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.