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Chain of supermarkets $WFM posted lower earnings in 3Q16 due to lower operating income and income before income taxes. Net income was $120MM or $0.37 per diluted share vs. $154MM or $0.43 per diluted share in 3Q15. Net sales rose 1.9% to $3.7Bil vs. 3Q15 and comparable store sales fell 2.6% during the quarter.
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.