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Internet infrastructure services provider $VRSN reported a rise in 1Q16 earnings driven by higher revenues. Net income rose to $107.46MM or $0.82 per share from $88.24MM or $0.66 per share last year. Revenue grew to $281.88MM from $258.42MM. Non-GAAP EPS increased to $0.85 from $0.74.
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.