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$NVDA 2Q16 PR: 3Q16 Outlook: Revenue is expected to be $1.18Bil, plus or minus 2%; GAAP and non-GAAP GM are expected to be 56.2% and 56.5%, respectively. GAAP operating expenses are expected to be approx. $484MM; GAAP tax rates are expected to be 22%; CapEx are expected to be approx. $25-35MM.
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.