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Technology services provider $CSC reported a 1Q17 loss of $21MM or $0.15 per share compared to a profit of $163MM or $1.15 per share last year, due to a rise in restructuring costs as well as higher transaction and integration-related costs. Revenues grew to $1.93Bil from $1.8Bil. Non-GAAP EPS increased to $0.53 from $0.47.
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.