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For 2Q17, $SMTC said it expects net sales to be in the range of $130-140MM and GAAP EPS is expected to be in the range of $0.12-0.17. The company also said it expects CapEx to be approx. $8MM and GAAP GM expectation is in the range of 59.6-60.2% for 2Q17.
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.