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Medical supplies conglomerate $PDCO reported higher net income in 4Q16 compared to last year helped by higher revenues. 4Q16 net income was $65.62MM or $0.68 per diluted share compared to $64.52MM or $0.65 per diluted share in 4Q15. Consolidated sales were $1.5Bil in 4Q16, up 41% over 4Q15. Adjusted EPS from continuing operations was $0.77.
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.