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During 4Q15, $VRSN delivered revenue of $273MM, up 6.5% YoverY and GAAP operating income of $158MM, up 11.3% from $142MM in 4Q14. GAAP operating margin was 58.1% vs. 55.6% in 4Q14. As of Dec. 31, 2015, the company maintained total assets of $2.4Bil, which included $1.9Bil of cash, cash equivalents and marketable securities.
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.