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$PNR 2Q15 PR: Net sales were $1,661.2MM, down 9% vs. $1,834.1MM in 2Q14. Net income was $147.8MM vs. $161.5MM in 2Q14. Diluted EPS was $0.84 vs. $0.81 in 2Q14. Gross profit was $566.2MM vs. $646.3MM in 2Q14. Operating income was $217.9MM vs. $226.4MM in 2Q14. Pentair paid dividends of $0.32 per share. Free cash flow was $310MM.
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.