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Cowen & Company analyst Rob Stone questions $VOXX whether it sees enough growth in Consumer Accessories & Premium Audio to get the mid-single digit top line for 2017. CEO Patrick Lavelle says that $VOXX anticipates to grow sales even with Automotive being flat. The company expects to sees good load-ins for new launches of digital products.
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.