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$MLHR expects 1Q17 net sales of $600-620MM. This would represent an increase of between 6% and 10% from 1Q16. On organic basis, adjusted for impact of extra week and dealer divestiture, this forecast implies sales growth of about 3% at mid-point of the range. EPS in 1Q17 are expected to range between $0.60 and $0.64.
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.