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$NTAP said for FY17 it expects gross margin of 61-63%. The company expects operating margin of 15-17%, including about 2 points of dilution from SolidFire. Effective rate rate for the year 2016 to be approx. 16.5%. $NTAP expects to generate significant free cash flow, enabling it to invest in the business and to return capital to shareholders.
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.