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Data center company $EQIX reported a decrease in 2Q16 earnings hurt by higher expenses. Net income was $44.7MM or $0.64 per share in 2Q16 compared to $59.4MM or $1.03 per share in 2Q15. Revenues increased 35% to $900.5MM from last year. AFFO was $290.5MM, up 31% over 2Q15.
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.