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$PM reported flat earnings in 3Q16 compared to 3Q15. Net earnings attributable to the company were $1.94Bil or $1.25 per diluted share, unchanged from last year. Reported net revenues of $19.9Bil were up by 2.6% and net revenues, excluding excise taxes, of $7Bil were up by 0.8% from last year. Adjusted diluted EPS of $1.25 was up 0.8% versus 3Q15.
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.