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UBS analyst Brent Thill asked the reason for the weak 4Q16 forecast, pointing that it is below The Street estimate. $MSFT CFO Amy Hood said PC weakness and traditional transactional office business will be impacting Productivity and Business Processes segment. In More Personal Computing segment, the largest impact is from phone, said Amy Hood.
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.