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Health insurer $HUM reported a 45.6% drop in 1Q16 earnings due to lower operating results from the Retail segment. Net income dropped to $234MM or $1.56 per share from $430MM or $2.82 per share last year. Total revenues slid to $13.8Bil from $13.83Bil. Adjusted EPS decreased to $1.86 from $2.58.
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.