Want to join the conversation?
Appliances maker $WHR reported a jump in 4Q15 earnings driven by lower costs and expenses despite a fall in revenue. Net income rose to $180MM or $2.28 per share from $81MM or $1.02 per share last year. Sales fell to $5.56Bil from $6.0Bil. Excluding impact of currency, sales grew by 4%. Ongoing business EPS increased to $4.10 from $3.52.
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.