Want to join the conversation?
$DOV 2Q15 Q&A: Sprague of Vertical Research asked about 2H15 forecast on Energy. Bob said that second half versus first half the revenue was down $40MM, but the second half run rate is fairly consistent with the second quarter. The company plans to exit the year with a 20% margin in Energy. 4Q15 exit rate is expected to be 15% or 15.5% margins.
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.