Want to join the conversation?
$ABC's gross profit for 2Q16 increased by 17.9% from last year. The increases were due to the rise in gross profit of Other and of Pharmaceutical Distribution, as well as decrease in LIFO expense, which were primarily due to lower brand inflation and higher generic drug deflation.
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.