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$XEC 2Q15 PR: Revenues were $424.28MM vs. $636.67MM in 2Q14. Net income was $(600.22)MM vs. $148.64MM in 2Q14. Operating income was $(933.4)MM vs. $240.42MM in 2Q14. Diluted EPS was $(6.47) vs. $1.70 in 2Q14. Total costs & expenses were $1,357.68MM vs. $396.25MM in 2Q14.
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.