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Solar energy producer $DTE reported a decline in 1Q16 earnings due to lower revenues from utility and non-utility operations. Net income slid to $247MM or $1.37 per share from $273MM or $1.53 per share last year. Operating revenues fell to $2.57Bil from $2.98Bil. Operating EPS decreased to $1.52 from $1.65.
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.