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$LEN 2Q15 Call – Bruce, CFO: Revenues from home sales increased 30%, driven by a 20% increase in wholly-owned deliveries and an 8% YoverY increase in average selling price to $348,000. GM on home sales was 23.8% and we’re still on track with our goal of 24% for the full year. Sales incentives declined sequentially from 6.3% in 1Q15 to 5.8% in 2Q15.
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.