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Mixed-signal semiconductor solutions provider $IDTI posted lower earnings in 1Q17, hurt by higher OpEx compared to 1Q16. GAAP net income was $20.9MM or $0.15 per diluted share, versus $38.7MM or $0.25 per share a year ago. Revenue from continuing operations was $192.1MM, up from $160.9MM last year. Non-GAAP diluted EPS was $0.36.
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.