Want to join the conversation?
$SJM 1Q16 Call: Non-GAAP operating income increased $81MM or operating margin declined 130BP to 15.5%. Longer-term, we anticipate margins to improve as synergies from integration activities are realized. Our effective tax rate was 38.8% in first quarter and we now expect the full-year effective tax rate to be approximately 35%.
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.