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IT supply chain company $SNX posted 1Q16 net income of $46.6MM or $1.17 per diluted share vs. $46.3MM or $1.16 per diluted share in 1Q15. Non-GAAP diluted EPS was $1.37 for the quarter. 1Q16 total revenue fell 2.4% to $3.12Bil vs. $3.20Bil in 1Q15, hurt by lower products revenue and a dip in Technology Solutions revenue.
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.