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Electrical equipment maker $AZZ reported a drop in 2Q17 earnings due to lower volumes from continuing effects of depressed markets in oil and gas, petrochemical, and solar for Galvanizing segment. Net income fell to $10.02MM or $0.38 per share from $17.24MM or $0.67 per share last year. Net sales dropped 9% to $195.05MM.
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.