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$EA 1Q16 Q&A: On a question asked by Pitz of Jefferies about pre-orders and install base, Andrew answered that EA is seeing extremely strong pre-orders coming out of E3. More of as EA sees digital start to take a hold with consumers the pre-orders become less of a indicator. On install base, 49MM at end of calendar year.
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.