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Post-it notes, industrial coatings and ceramics maker $MMM reported a decline in 2Q16 earnings due to lower sales, despite a rise in EPS on lower weighted average common shares outstanding. Net income was $1.29Bil or $2.08 per share compared to $1.3Bil or $2.02 per share last year. Net sales slid to $7.66Bil from $7.69Bil.
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.