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$ZBRA, which sells marking, tracking and computer printing technologies, narrowed its quarterly loss by cutting costs. The company reported 2Q16 net loss of $49MM, or $0.95 per share, compared with net loss of $77MM, or $1.50 per share a year ago. Total net sales fell slightly to $879MM from $890MM. Expenses fell 6%.
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.