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Data storage giant $STX reported a 3Q16 net loss of $21MM or $0.07 per share compared to a profit of $291MM or $0.88 per share last year, due to several near-term demand factors as well as lower revenue. Revenue fell to $2.6Bil from $3.33Bil. Non-GAAP net income was $66MM or $0.22 per share.
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.