Want to join the conversation?
$PCLN, a provider of online travel and related services, posted higher 2Q16 results, helped by higher revenue and growth in room night reservations. $PCLN said net income rose 12.3% to $580.64MM, or $11.6 per share from $517.03MM, or $9.94 per share a year ago. Revenue rose 12.08% to $2.56Bil. Excluding items, $PCLN earned $13.93 per share.
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.