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Semiconductor equipment supplier $LRCX posted higher 4Q15 net income of $223MM, or $1.28 per diluted share vs. $177MM or $1.00 per share in 4Q14. The company's non-GAAP diluted EPS was $1.57, while total shipments were $1.29Bil and revenue was $1.42Bil. The increase in 4Q15 revenue was helped by higher operating income of 16.8% vs. 4Q14.
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.