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$DAL said it lowered its 2Q16 operating margin guidance to about 17% from prior estimate of 21%. The company sees cargo and other revenue of $1.5Bil, average fuel price per gallon of $1.95-2.00, profit sharing expense of $315-325MM and non-operating expenses of $140-150MM for 2Q16. $DAL's 2Q16 results will reflect a 34% tax rate.
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.