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$FE expects 3Q16 GAAP earnings of $0.63 to $0.73 per basic share, and operating (non-GAAP) earnings of $0.65 to $0.75 per basic share. For FY16, $FE expects GAAP loss per share of $0.75-0.55, primarily reflecting the asset impairment and plant exit costs recognized in 2Q. Operating (non-GAAP) earnings is expected to be $2.40-2.60 per basic share.
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.