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$SBUX, the Seattle-based coffee giant, said that for FY16 the company expects consolidated revenue growth of 10%. GAAP EPS is expected to be in the range of $1.84-1.86 and non-GAAP EPS in the range of $1.87-1.89 in FY16. For 2Q16, the company expects GAAP EPS of $0.37-0.38 and non-GAAP EPS of $0.38-0.39.
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.