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$LRCX reported 1Q16 shipments of $1.5Bil, up 12% sequentially and above midpoint of guided range. Memory shipments were strong with combined memory segment making up 70% of total system-level shipments. Foundry segment accounted for 23% of system shipments and was up slightly in dollar terms.
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.