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Samuel Eisner of Goldman Sachs asks what will be the weightage for 3Q and 4Q in the implied $2.36 earnings midpoint outlook for 2H16. CFO Charles Hinrichs said that 3Q will be better than 4Q because of seasonal factors. He added that $RBC does not have the percentages for 3Q and 4Q, but the company expects third quarter to be heavier.
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.