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In 3Q16, the value of $DHI's net sales orders increased 14% to $3.4Bil versus 3Q15. Avg. sales price on net sales orders was $293,300. The cancellation rate was 21%. Backlog conversion rate was 78% at the midpoint of the guidance range given in 2Q16. Gross profit margin on home sales revenue was 20.3%, up 40BP from 2Q16.
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.