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For 2016, $GD expects revenues to be about $31.5Bil, operating margins to be 13.7-13.8%, net income to be slightly more than $3Bil and return on sales to be around 9.6%. 3Q16 is expected to be slightly weaker than 2Q16 while 4Q16 is expected to be strong.
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.