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Provider of digital education services $BNED stated that 1Q17 sales rose 0.1% to $239.2MM, while comparable store sales fell 2.8%. These reflect a typical seasonality of textbook sales, which are lower in the summer semesters. Comp store sales were lower due to decreased summer enrollments and a number of class offerings.
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.