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Media company $SNI reported a 4.7% decline in 2Q16 earnings due to large gain on derivatives related to TVN acquisition recognized in last year, additional interest expenses and loss on investment realized in 2Q16. Net income slid to $184.61MM or $1.42 per share from $193.72MM or $1.49 per share last year. Adjusted EPS grew to $1.58 from $1.47.
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.