Want to join the conversation?
$ADI's 1Q16 capital additions were $23MM or 3% of revenue. The company expects 2016 capital additions to be in the range of $130-150MM. $ADI's 1Q16-end cash and short-term investment balance was $3.8Bil with approx. $1.2Bil available domestically. The company had approx. $1.7Bil in debt outstanding, which resulted in net cash position of $2.1Bil.
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.