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Manufacturer of personal care electrical products $HELE posted lower 1Q17 earnings, hurt by higher SG&A expenses and asset impairment charges compared to 1Q16. Net income was $19.03MM or $0.68 per diluted share compared to $20.41MM or $0.70 per diluted share last year. Sales were $347.94MM, up from $345.35MM in 1Q16. Adjusted diluted EPS was $1.27.
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.