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Technology solutions company $PBI reported an increase in net income to $86.2MM or $0.44 per share in 4Q15 compared to $62.5MM or $0.31 per share in 4Q14 helped by lower expenses. Revenue was $937MM, down 2% on a constant currency basis and 5% on a reported basis. Adjusted EPS, excluding certain items, was $0.48.
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.