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Digital solutions provider $VDSI reported its preliminary results for 3Q16. 3Q16 revenue is expected to be $42-44MM and GAAP diluted EPS from continuing operations is expected to be $0.00-0.02. The company said that its 3Q16 results were negatively impacted by the extension of sales cycles in the European region.
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.