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Jim Ricchiuti from Needham & Co. asks about the growth rate in factory automation excluding consumer electronics and logistics in 2Q16. $CGNX said the company saw a good quarter in terms of growth rate in factory automation. Logistics is broad to explain, but excluding consumer electronics, growth rate was about 20%.
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.