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For 3Q16, $FIVE expects net sales to be in the range of $199-202MM based on opening 25 new stores and assuming a 1-2% increase in comparable sales. Net income is expected to be in the range of $4.7-5.3MM and diluted EPS to be within $0.09-0.10 on approx. 55.2MM estimated diluted weighted average shares outstanding.
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.