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Software giant $ADBE reported higher 3Q16 results, helped by strong Creative Cloud and Document Cloud adoption along with higher revenue. $ADBE said net income rose 55.20% to $270.79MM, or $0.54 per share from $174.47MM, or $0.34 per share a year ago. Revenue rose 20.21% to $1.46Bil. Excluding items, $ADBE earned $0.75 per share.
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.