Want to join the conversation?
Texas-based company $CPRT said 4Q16 global revenue growth of 17.8% included a detrimental currency effect of approx. 1.8% of revenue, largely due to the weakening of the British pound. The company experienced global unit sales growth of 13.8%. Gross profit growth exceeded revenue growth. Gross profit was $141.5MM in 4Q16.
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.