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$CSCO, which competes with $HPQ and $JNPR, said it anticipates 4Q16 non-GAAP gross margin rate to be in the range of 63-64%. Non-GAAP operating margin rate is expected to be in the range of 29-30% and the non-GAAP tax provision rate is expected to be 22% in 4Q16.
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.