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$FSLR, the largest U.S. solar panel manufacturer, reported 1Q16 net income of $170.5MM, or $1.66 per diluted share, compared to a loss of $60.9MM, or $0.61 per diluted share, in the prior year quarter. Revenue grew 81% YoverY to $848.5MM.
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.