Want to join the conversation?
Technology company $INTC has raised its 3Q16 outlook. The company now expects 3Q16 revenue to be $15.6Bil, plus or minus $300MM versus the prior range of $14.9Bil, plus or minus $500MM. $INTC expects the midpoint of GM to be at 62%, plus or minus a couple of points. The midpoint of adjusted GM is expected to be 63% plus or minus a couple of points.
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.