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For 2Q17, $RHT expects revenue of $587-593MM, GAAP diluted EPS of about $0.31 and non-GAAP diluted EPS of about $0.54. GAAP operating margin is expected to be about 13.4% and non-GAAP operating margin is expected to be about 22.8%. Other income is expected to be $1-2MM. Effective tax rate will be 27% before discrete tax items.
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.