Want to join the conversation?
$MTX said 1Q16 operating income, excluding special items, was $60.1MM compared to $63.3MM in 1Q15. Despite the current challenges with energy, steel and ForEx, operating margins improved 5% to 14.7% of sales. Total manufacturing productivity improved by close to 6% and generated $1MM in lower costs.
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.