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For the year ending September 30, 2016, $UTI expects new student starts and average student population to be down in the low double digits as a percentage versus the prior year. It expects revenue to decline by 6-7% leading to minimal levels of EBITDA excluding severance charges. Full-year 2016 Capex is expected to be $8-9MM.
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.