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$VIVO expects FY16 revenue of about $196MM, an increase of 1% from prior year, and EPS of $0.75-0.76. The EPS forecast includes costs related to acquisition activity and costs associated with the reorganization of Diagnostics sales and marketing leadership. The preliminary results reflect 4Q revenues of about $47MM.
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.