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$ECL still expects 2016 adjusted EPS of $4.35-4.55, adjusted gross margin of 47-48%, and adjusted tax rate of about 26%. The company expects to repurchase about $700MM of its shares in 1H16, similar to 2015. For 2Q16, $ECL sees adjusted EPS of $1.03-1.11, adjusted gross margin of about 48% and adjusted tax rate of about 26%.
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.