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Deepwater drilling contractor $DO posted 4Q15 net loss of $245MM, or $1.79 diluted loss per share vs. net income of $99MM, or $0.72 per diluted share in 4Q14, hurt by an increase in loss before income tax benefit of $360MM. Revenues fell nearly 18% to $556MM vs. 4Q14, hurt by higher revenues related to reimbursable expenses of $11.43MM in 4Q15.
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.