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$EW reported cash flow from operating activities of $107MM and CapEx of $28MM in 1Q16. At end 1Q16, company had cash, cash and equivalents, and short-term investments of about $950MM and total debt of $600MM. Average shares outstanding fell to $218MM in 1Q16, and company expects shares outstanding in 2016 to be $216-220MM.
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.