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During 3Q16, $HPQ said that net revenue of $11.9Bil was down 4% YoverY as reported or down 1% in constant currency. The revenue trajectory improved significantly in the Americas and EMEA, and APJ continued to perform well. GM of 18.3% was down 0.5 points YoverY driven by the unfavorable mix shift to Personal Systems and the reduction in Supplies.
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.