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$MTX, which makes minerals, mineral-based and synthetic mineral products, reported a lower 1Q16 profit as sales declined by 10% to $410.2MM. Weak market conditions in the oil and gas sector hurt sales, the company said. Quarterly earnings were $33.9MM, or $0.97 per share, down from $35.1MM, or $1.01 per share a year ago.
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.