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$GRPN 2Q15 Call: In EMEA, billings were $434MM, with growth slightly accelerating from 7% in 1Q15 to 9% in 2Q15. Revenue grew 9% to $204MM. Local billings improved from a decline of 2% in 1Q15 to a growth of 4%. Segment operating income was $10MM, down $10MM versus 1Q15, driven by a decline in gross profit due in part to lower margins in goods.
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.