Want to join the conversation?
$BBRY posted a wider loss in 2Q17, hurt by lower revenues compared to 2Q16. Net loss was $372MM or $0.71 per diluted share compared to net income of $51MM and a loss per share of $0.24 last year. GAAP revenue fell about 32% from last year to $334MM, and non-GAAP revenue was $352MM in the quarter. The company reported breakeven non-GAAP EPS in 2Q17.
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.