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$LLY said its new products generated $428MM in revenue in 2Q16 led by Trulicity and Cyramza. This represents 8% of total worldwide revenue. The company reduced Opex as a percent of revenue versus 2Q15 and remains on track for a full-year 2016 reduction of 200-250BP.
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.