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For 4Q16, $DHI expects a backlog conversion rate of 81-84% and an avg. sales price of around $290,000. Home sales GM is expected to be around 20%. Homebuilding SG&A is expected to be 8.4-8.7% of homebuilding revenue. Financial Services operating margin is expected to be around 35%. Tax rate is expected to be 35%.
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.