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$NTAP said product revenue was $660MM in the quarter and for the first time in several quarter was essentially flat on a YoverY basis. The company expects the growth of its strategic solutions to improve the overall product revenue growth trajectory over the course of FY17.
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.