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$FB 2Q15 PR: FB reported a revenue increase of 38.9% YoverY reaching $4,042MM. Net income was down 9% at $719MM vs. $791MM in 2Q14. GAAP diluted EPS was $0.25, down 16.6% YoverY. Mobile advertising revenue represented approx. 76% of advertising revenue, up from approx. 62% of advertising revenue in 2Q14.
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.