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$FLO expects FY16 sales to be $3.930-3.986Bil, a growth of 4.0-5.5% versus FY15 sales of $3.779Bil. EPS is expected to be $0.88-0.93, a change of -1.1% to 4.5% over FY15 EPS of $0.89. Adjusted EPS is expected to be $0.90-0.95, a change of about -2.2% to 3.3% over FY15 adjusted EPS of $0.92.
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.