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For 3Q16, $GME expects comparable store sales to range from -2% to 1%. Diluted EPS is expected to range from $0.53-0.58. For FY16, the company reiterated its diluted EPS guidance of $3.90-4.05 and comparable store sales are now expected in a range of -4.5% to -1.5%. The guidance is based on weighted average shares outstanding of 104.5MM.
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.