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Automotive parts distributor $MPAA reported net income of $2.3MM or $0.12 per share in 4Q16 compared to $3.1MM or $0.16 per share in 4Q15 hurt by higher Opex. Net sales grew to $97.4MM versus last year, reflecting continued strength of its rotating electrical and wheel hub business and increased contributions from the master cylinder product line.
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.