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$RECN returned $12.2MM to shareholders in 3Q16 in the form of share repurchase and dividends. At 3Q16 end, company has repurchased about 1.3MM shares at $20MM or $15.66 per share, about 3.5% of the outstanding shares as at beginning of FY16. Shares outstanding at 3Q16 end were about 36.8MM.
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.