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$MU, which competes with the likes of $SNDK, Samsung Electronics, and Toshiba Corporation, posted 1Q16 revenue of $3.35Bil with gross margins of 25%, non-GAAP net income of $249MM and non-GAAP earnings per share of $0.24 all within its guided range. The results were impacted by continued weakness in the PC DRAM segment.
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.