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Athletic shoes and apparel company $FINL posted 4Q16 net income attributable to the company of $4.04MM or $0.09 per diluted share compared to $551.35MM or $0.87 in the prior year period. Net sales grew 5.2% YoverY to $580.3MM. Excluding the impact from the write-off of technology assets and store impairment charges, diluted EPS was $0.83.
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.