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For 2016, $ROP expects adjusted DEPS to be in the range of $6.57-6.71 and 3Q16 adjusted DEPS to be between $1.59-1.63. The company expects 2H16 revenue to increase between 7-9%, including organic growth of 2-4%. The company stated that the above guidance metrics excludes the impact of any future acquisitions or divestitures.
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.