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$INTU said that FY16 Consumer Tax revenue grew 10% with TurboTax Online units growing 15% and total TurboTax unit growing 12%. The company introduced two dozen innovation in TurboTax, which helped expand the DIY Software category, while increasing the share in the category as well. ProConnect revenues came in at $428MM for FY16.
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.