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$FLS 2Q15 Call: Adjusted GM down 60 BPs to 34.5%, excluding SIHI & realignment. Operating margin excluding adjusted items down 40 BPs to 15.5%. Backlog of $2.7Bil, including $132.2MM from SIHI acquisition, partially offset by approx. $103MM of negative FX effects. Returned more than $185MM to shareholders through repurchases & dividends YTD.
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.