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Homebuilder $CAA reported a rise in 1Q16 earnings driven by higher new orders and home sale revenues, despite a decline in average selling price. Net income rose to $72.55MM or $0.52 per share from $23.88MM or $0.40 per share last year. Total revenues grew to $1.19Bil from $470.28MM. Adjusted earnings was $83.7MM or $0.60 per share for 1Q16.
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.