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Maker of industrial batteries $ENS posted lower earnings during 1Q17 due to lower operating earnings and higher expenses. Net income was $44.6MM or $1.02 per diluted share vs. $48.4MM or $1.03 per diluted share in 1Q16. Net sales rose 7% vs. 1Q16, helped by a 6% increase in organic volume and 3% increase from acquisitions.
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.