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During 3Q16, $BRCD's revenue of $591MM was up 7% YoverY and up 13% sequentially. This includes Ruckus' product & service revenue of approx. $78MM. Non-GAAP diluted EPS was $0.21, down from 27% in 3Q15. Operating cash flow of $33M was below the outlook due mainly to payments made related to the Ruckus acquisition and higher DSOs.
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.