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$PVH now expects 3Q16 GAAP EPS of $2.30-2.35 and non-GAAP EPS of $2.35-2.40. Both 3Q16 EPS projections include about $0.45 negative impact related to foreign currency exchange rates. Revenue is now projected to increase about 3% on both a GAAP and constant currency basis compared to the prior year period.
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.