Want to join the conversation?
World's largest retailer $WMT reported a 8.6% rise in 2Q17 earnings driven by lower provision of taxes and gain on sale of Yihaodian. Results were negatively impacted by currency exchange rate fluctuations and investments in people and technology. Net income grew to $3.77Bil or $1.21 per share from $3.48Bil or $1.08 per share last year.
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.