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$BBRY 1Q16 Call – James, CFO: We had positive free cash flow of $123MM; we had a Non-GAAP net loss of $28MM or approx. $0.05 per share. Non-GAAP GM was 50.3% vs. 47.9% in 1Q15. GAAP GM was 47.1%; Hardware GM was positive for fourth quarter in a row. Non-GAAP OpEx were $338MM down from $504MM in 1Q15. GAAP OpEx were $221MM.
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.