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$ALLE said the company is raising its FY16 revenue guidance with YoverY growth of 8-9% and organic growth estimates of 5-6%. The increase is driven by stronger volume in all regions. $ALLE also updated FY16 reported EPS in the range of $3.20-3.35, or $3.30-3.40 per share on an adjusted basis. FY16 available cash flow is expected between $280-300MM.
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.