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$SYK 2Q15 PR: Gross Profit for the quarter was $1,605MM compared to $1,555MM in 2Q14. Operating income for the quarter was $429MM compared to $307MM in 2Q14. These restructuring charges reduced the reported gross profit margin in the quarter from 66.3-66%, & reduced the reported operating income margin in the quarter from 23.8-17.6%
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.