Want to join the conversation?
Chocolates and confectionery maker $HSY reported net income of $146MM or $0.68 per share in 2Q16 compared to a net loss of $99.9MM or $0.47 per share in 2Q15, helped by higher sales. Consolidated net sales were $1.63Bil, up 3.7% versus 2Q15. Excluding an 0.8 point headwind from FX, net sales grew 4.5% from 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.