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$AKAM expects 2Q16 non-GAAP EPS to be $0.62-0.65. Revenue is expected to be $566-582MM. $AKAM expects EBITDA margin to be 40% in 2Q16 and hopes to operate the company in the 40-41% range for the foreseeable future. GAAP GM is expected to be 65%. $AKAM expects non-GAAP operating margin of 27% for 2Q16.
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.