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$BBRY 1Q16 PR: Revenue for 1Q16 was $658MM. The revenue breakdown for the quarter was approx. 40% for hardware, 38% for services and 21% for software and technology licensing. Net income for the 1Q16 was $68MM compared to $28MM in 4Q15 and $23MM in 1Q15. Operating cash flow was $134MM with free cash flow (operating cash flow minus CapEx) of $123MM.
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.