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$HRS said Space and Intelligent System segment 3Q16 revenue was $489MM, up 7% YoverY. In Electronic Systems, revenue was $393MM, up 6.2%, while in Critical Networks revenue was $551MM, down 10% YoverY. $HRS also said that total company revenue guidance for FY16 on an organic basis is revised from down 5-6% to down about 7%.
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.