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$JKHY, which provides business services to financial institutions, reported a higher 4Q16 profit, helped by strong revenue. The company reported latest quarter earnings of $84.27MM, or $1.06 per share, compared with $60.54MM, or $0.75 per share a year ago. Revenue rose 10% to $367MM on a 11% increase in Support and Service segment revenue.
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.