Want to join the conversation?
$ZBH expects gross margin to be in a range of 75.0-75.7% in 2H16, consistent with 1H16. The company now estimates R&D expense to be in a range of 4.7-5.2% of sales in 2H16, and SG&A expense to be in a range of 37.5-39.5%. $ZBH expects the effective tax rate in 2H16 to be approx. 25%.
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.