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Wearable camera maker $GPRO reported a 1Q16 loss of $107.46MM or $0.78 per share compared to a profit of $16.75MM or $0.11 per share last year, due to lower revenue and higher operating expenses. Revenue dropped to $183.54MM from $363.11MM. Non-GAAP loss per share was $0.63 compared to EPS of $0.24 a year ago.
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.