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Lighting maker $AYI reported a 38% growth in 4Q16 earnings driven by higher sales and volume growth. Net income rose to $82.9MM or $1.89 per share from $60.1MM or $1.37 per share last year. Net sales grew to $925.5MM from $759.5MM, on a 13% jump in volume and 12% increase from acquisitions. Adjusted EPS increased to $2.21 from $1.74.
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.