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Lodging REIT $CHSP said it expects RevPAR to increase 2.2% on a pro forma basis and adjusted Hotel EBITDA, adjusted corporate EBITDA, and AFFO per share to be near the midpoint of the guidance ranges that were provided earlier. These preliminary 2Q16 results are subject to adjustments resulting from the completion of the quarterly review.
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.