Want to join the conversation?
Personal navigation devices maker $GRMN reported a rise in 1Q16 earnings driven by lower foreign currency losses. Net income rose to $88.09MM or $0.46 per share from $66.79MM or $0.35 per share last year. Net sales grew to $624.04MM from $585.39MM. Pro forma EPS decreased to $0.49 from $0.55.
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.