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$TJX raised its FY17 EPS guidance to range of $3.39-3.43 from prior estimate of $3.35-3.42, to reflect strong 2Q results. The revised forecast would represent a 2-3% increase over $3.33 in FY16. This reflects assumption that wage increases will negatively impact EPS growth by 3% and based on comparable store sales growth forecast of 3-4%.
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.