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Canadian smartphone manufacturer $BBRY's 2Q16 revenue came in at $490MM, which was down 46.51% from the same quarter prior year. The revenue breakdown for the quarter was approx. 15% for software and services, 41% for hardware, and 43% for service access fees (SAF). $BBRY generated a net loss per diluted share of $0.24 vs. $0.39 in 1Q16.
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.