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Consumer electronics retailer $BBY reported better-than-expected 1Q17 results, helped by higher operating income. The company posted 1Q17 net earnings from continuing operations of $226MM or $0.69 per diluted share compared to $37MM or $0.10 per diluted share. Enterprise revenue was $8.4Bil in the quarter. Non-GAAP diluted EPS was $0.44 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.