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Security and information management company $SYMC reported a higher quarterly profit as cost controls boosted margins. For 1Q17, the company reported earnings of $135MM, or $0.22 per share, compared with $117MM, or $0.17 per share a year ago. Revenue fell 3%, but operating margins rose by 290 basic points as expenses declined 6%.
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.