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Retailer of women's clothing $ASNA posted lower 3Q16 results, hurt by integration costs, interest expense incurred under the $1.8Bil term loan & the effect of non-cash purchase accounting adjustments. $ASNA said net income fell 38.5% to $15MM, or $0.08 per share, and revenue rose 45.11% to $1.67Bil. Excluding items, $ASNA earned $0.15 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.