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$SYMC 1Q16 Call: Information Management revenue increased 3% to $587MM. NetBackup software & appliances grew 10% & 19%, respectively. Consumer Security revenue declined 6% to $430MM, delivered non-GAAP operating margin of 57%. Enterprise Security revenue grew 1% YoverY to $482MM. Endpoint Security posted another solid quarter, growing 6% YoverY.
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.