Want to join the conversation?
Catharine Trebnick of Dougherty questions about the FX impact in Latin America. $CIEN CFO James Moylan replied the biggest effect from FX has been from Brazil. He added that the company had an effect in Argentina, but the Brazilian effect is the biggest effect in terms of revenue.
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.