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Santa Clara, California headquartered technology company $NVDA reported record 3Q16 GAAP net income increase of 42% YoverY to $246MM or $0.44 per share. Revenue of $1.305Bil, was up 7% from a year ago and up 13% sequentially. $NVDA announced an 18% increase in its quarterly cash dividend to $0.115 per share from $0.0975 per 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.