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$CREE's LED Products revenue was $137MM, and gross profit was $42MM or a 30.4% for 1Q17, all of which were at the upper end of the company's targeted range. Unallocated costs totaled $2MM for 1Q17 and are included to reconcile to the company's $89M non-GAAP gross profit, for a 27.7% gross margin.
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.