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For FY17, $EAT expects diluted EPS, excluding special items, to be $3.40-3.50. Revenue is expected to be down about 0.5% to up 1%. Comp restaurant sales are expected to rise 0.5-2.0%. Restaurant operating margin is expected to be down about 50 BPs YoverY.
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.