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Factory automation systems maker $ROK posted 2Q16 net income of $168MM or $1.28 per diluted share vs. $206MM or $1.51 per share in 2Q15. Adjusted EPS was $1.37, down 14% vs. $1.59 in 2Q15. 2Q16 sales were $1.44Bil, down 7.1% vs. 2Q15, while organic sales declined 3.6% and currency translation reduced the company's sales by 3.5%.
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.