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Provider of software solutions for architecture & engineering industries $ADSK said that net revenue fell during 1Q17 vs. 1Q16 mainly due to a 43% decrease in License and other revenue, partially offset by a 2% increase in subscription revenue. $ADSK's operating margin fell to 30% during the quarter from 3% for 1Q16.
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.