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Online travel company $EXPE reported a 1Q16 loss of $121.86MM or $0.81 per share compared to a profit of $44.14MM or $0.34 per share last year, due to higher costs and expenses as well as rise in restructuring and other charges. Revenue grew to $1.9Bil from $1.37Bil. Adjusted EPS was $0.09 compared to loss per share of $0.03 last year.
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.