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Heath Terry of Goldman Sachs asks about drivers of revenue outperformance over bookings growth. $EXPE said both HomeAway and trivago report into revenue and not into bookings. So the inorganic growth at HomeAway goes into revenue. The trivago organic revenue growth was also strong and fast with no bookings offset. This was the main driver.
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.