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$ACN expects 2Q16 revenue of $7.5-7.75Bil, which assumes FX impact of negative 6% compared to last year. For FY16, $ACN lifted revenue growth outlook to 6-9% in local currency from prior estimate of 5-8%. $ACN still expects FY16 EPS of $5.09-5.24, operating margin of 14.6-14.8% and effective tax rate of 25-26%.
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.