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$GD 2Q15 Call: Revised 2015 outlook: Aerospace: previous revenue outlook, approx. $9.4Bil; operating margins, around 18%. Now believes revenue to be off by about $250-300MM & margins to be about 18.5%. Combat Systems: previous revenue forecast, about $5.7Bil; margins, around 15%; revised revenue expectation is unchanged; margins, 40-50 BP higher.
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.