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$STE posted higher earnings in 1Q17, helped by a 45% increase in revenue compared to 1Q16. Net income was $48.4MM or $0.56 per diluted share compared to $24.3MM or $0.40 per diluted share last year. Revenue was $638.4MM compared to $439.9MMM in 1Q16, driven by growth in all four segments. Adjusted net income was $68.4MM or $0.79 per diluted share.
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.