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$CMTL said its gross profit in 3Q16 as a percentage of consolidated net sales was 41.4% versus the 45.1% achieved in 3Q15. This decrease is mainly due to overall product mix changes resulting primarily from the TCS acquisition. $CMTL expects 4Q16 gross margin percentage to be meaningfully lower than 41.4%, reflecting a full 3 months of TCS sales.
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.