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California-based company $GPRO said revenue grew 20% sequentially in 2Q16. The company shipped 759,000 units, an 8% increase QoverQ. Avg. selling price increased 11% sequentially. Sell-thru was up approx. 10% sequentially. Sell-thru was more than 50% higher than sell-in.
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.