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For 2Q16, $PYPL expects net revenues to grow 16-18% on an FX-neutral basis and 12-14% at current spot rates to a range of $2.570-2.620Bil. The company expects GAAP diluted EPS to be in the range of $0.25-0.27 and non-GAAP diluted EPS to be in the range of $0.34-0.36 for 2Q16.
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.