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$TIF now expects 2016 earnings to decline about 10% compared to previous estimate of 5-10% fall, from last year's $4.20 per share. The prior year's EPS excludes loan impairment charge in 2Q15 and debt extinguishment charge in 2014. Also, this forecast excludes charge of 4 cents per share being recorded in 4Q for staff and occupancy reductions.
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.