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$TDC said it expects 3Q16 revenue in the $550-560MM range and non-GAAP EPS to approximate $0.60. The company expects product gross margin to be approx. 60% and services margin in the mid-40s. $TDC expects as-reported total OpEx to decrease about $20MM YoverY in 3Q16, with reported R&D expense being up slightly YoverY and up sequentially from 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.