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$HRL lifted FY16 EPS guidance to $1.56-1.60 from prior forecast of $1.50-1.56. COO James Snee said this is based on strong 2Q16 results and continued growth expectations in back half of year. $HRL looks for Refrigerated Foods and Grocery Products to continue driving earnings rises through growth in value-added products and favorable input costs.
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.