Want to join the conversation?
Maker of fluid power components $AIT said that FY16 net sales were $2.52Bil vs. $2.75Bil in FY15. Net income was $29.6MM or $0.75 per share vs. $115.5MM or $2.80 per share in FY15. The company generated $160MM in cash from operations, while returning over $80MM to shareholders via dividends and share repurchases.
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.