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In 1Q17, $VSAT's Satellite Services segment revenues grew 15% YoverY to $152.4MM, with growth in the residential broadband and in-flight connectivity businesses. In Commercial Networks, revenue dropped 1.8% to $65.6MM from 1Q16. In Government Systems, revenues remained flat at $145.2MM.
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.