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$BWA 2Q15 PR: Gross Profit for the quarter was $429MM compared to $473MM in second quarter last year and operating income for the quarter was $243MM compared to $281MM in second quarter of last year. Excluding the $20MM pretax impact of restructuring expense, operating income was $262MM, or 12.9% of net sales, down from 13.5% in second quarter 2014
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.