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Jim Ricchiuti from Needham & Co. asks about the strength in the logistics market. $CGNX said the company has seen a significant improvement in its logistics business in the Americas. The business is seasonal and $CGNX expects the outlook for logistics to be good in 2Q16 and 3Q16. In 4Q16, seasonality can effect, so not sure of the impact.
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.