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$TXN reported a 3% decline in 3Q15 earnings due to weak demand and fall in revenue. Net income fell to $798MM from $826MM, while EPS remained flat with last year at $0.76. Revenue slid 2% to $3.43Bil. Gross margin was 58.2% of revenue in 3Q15, reflecting product portfolio quality and efficiency of manufacturing strategy.
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.