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Flash storage giant $SNDK reported a decline in 4Q15 earnings due to a 11% drop in revenue. Net income fell to $135.47MM or $0.65 per share from $201.89MM or $0.86 per share last year. Revenue dropped to $1.54Bil from $1.74Bil. Non-GAAP EPS decreased to $1.26 from $1.30.
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.