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In 3Q15, $EW's gross profit margin was 76.2%, a 390 BPs improvement over the prior year, approx. 220 BPs was attributable to favorable foreign exchange and approx 110 BPs related to favorable product mix. Assuming foreign exchange rates remain at current levels, $EW expects its gross profit rate in the fourth quarter of 2015 to be approx. 75%.
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.