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Unmanned aircraft systems supplier $AVAV reported a decrease in 4Q16 results. Net income fell to $5.4MM or $0.23 per share in 4Q16 compared to $7.1MM or $0.31 per share in 4Q15. Revenue was $84.8MM, down 2% from 4Q15, due to a decrease in sales in the UAS segment of $2.8MM, partially offset by an increase in sales in the EES segment of $1.1MM.
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.