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$GILD said that for 1Q16 it reported non-GAAP diluted EPS of $3.03 vs. $2.94 in 1Q15. Total revenues were $7.8Bil, up 3% YoverY and down 8% sequentially. Product sales were $7.7Bil, an increase of 4% YoverY and down 9% sequentially. The company said that it sees strong uptick of its newer single-tablet regimens, including Genvoya.
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.