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Homebuilder $MDC reported home sale revenue growth of 24% to $571.2MM in 2Q16 versus $461.7MM in 2Q15. GM from home sales is expected to be flat versus prior year. Dollar value of net new orders was up 15% to $723.3MM and ending backlog dollar value was up 42% to $1.61Bil in the quarter.
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.