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$DO 2Q15 Call: Contract drilling revenues increased from $600MM in 1Q15 to $617MM in 2Q15. Contract drilling expenses for came in at $343MM, which was below guidance of $350-370MM. Depreciation & interest expense at $123MM and $25MM, respectively, in line with guidance. Tax rate was 14.8%, in line with guidance range of 11-16%.
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.