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$NTAP said its GM was 62.4% & within the guidance range. On a YoverY basis, product GM was down about 4.5 points, software maintenance GM was relatively flat, while hardware maintenance & other service GM rose just under 4 points YoverY. OpEx of $652MM fell 13% from a year ago, while operating margin of 12.1% was above the previous guidance range.
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.