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Specialty retailer $FINL posted lower earnings in 1Q17 compared to 1Q16, hurt by higher SG&A expenses. Net income attributable to The Finish Line, Inc. was $9.63MM or $0.23 per diluted share compared to $13.79MM or $0.30 per diluted share in 1Q16. Consolidated net sales were $453.5MM, an increase of 2.3% over last year.
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.