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For 1Q16, $LRCX expects shipments to be $1.43Bil and revenue to be $1.30Bil, while net income per diluted share is expected to be $0.77 for the 1Q16, where it includes certain amortization-related costs and associated tax benefit for non-GAAP items of $50MM. The company also expects 1Q16 GM to be 42.4%.
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.