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Mike Olson of Piper Jaffray asks about operating margin trends going forward. $PCLN said the company does not have guidance beyond 1Q16, but the company expects that it can deliver operating leverage in the non-ad opex over time. Over the long term, the company expects to hit a level of spending that it thinks is the right level in the market.
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.