Want to join the conversation?
Engineering services provider $FLR reported a drop in 2Q16 earnings due to higher costs and expenses despite a rise in revenue. Net income fell to $101.8MM or $0.72 per share from $148.5MM or $1.00 per share during 2Q15. Revenue rose slightly to $4.86Bil from $4.81Bil.
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.