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$UA expects 2016 net revenue of approx. $4.93Bil, representing growth of 24% over 2015, and 2016 operating income in the range of $440-445MM, a growth of 8-9% over 2015. The company expects interest expense of approx. $32MM, an effective full year tax rate of approx. 36.5%, and fully diluted weighted average shares outstanding of approx. 448MM.
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.