Want to join the conversation?
$ROK said it expects reported sales of approx. $5.85Bil at the midpoint in FY16. The company continues to expect segment operating margin to be a little lower than 20.5%. Adjusted effective tax rate for 2016 is expected to be about 24.5%, about 0.5 point lower than previous guidance and mainly due to the favorable discrete item in 3Q16.
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.