Want to join the conversation?
$MCHP's expects 3Q16 non-GAAP gross margin to be between 57.7-57.9%, slightly negatively impacted by the full quarter of lower gross margin of $MCRL. Non-GAAP operating expenses are expected to be between 28.6-29.3% of sales and the company expects the non-GAAP operating profit to be between 28.4-29.3% of sales.
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.