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For 3Q16, $ROST is forecasting a same store sales gain of 1-2% on top of a 3% increase in the prior year, and EPS of $0.52-0.55. For 4Q16, $ROST expects same store sales to grow 1-2%, with EPS expected to be $0.73-0.76. Based on 1H16 results and 2H16 guidance, FY16 EPS is now planned to increase 7-10% to $2.69-2.75, on top of a 14% gain last year.
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.