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Office furniture systems company $MLHR reported an increase in 1Q17 earnings helped by higher revenues and orders. Net earnings were $36.3MM or $0.60 per share in 1Q17 compared to $33.5MM or $0.56 per share in 1Q16. Net sales were $598.6MM, up 5.9% from last year. New orders were $595.6MM, up 5.7% from 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.