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Open source solutions provider $RHT reported an increase in 1Q17 results. Net income was $61MM or $0.33 per share in 1Q17 versus $48MM or $0.26 per share in 1Q16. 1Q17 net income and diluted EPS benefited by $8MM and $0.04, respectively, from the accounting for excess tax benefits. Revenue was $568MM, up 18% YoverY and in constant currency.
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.