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Firearm maker $SWHC reported a rise in 4Q16 earnings on strong volumes in firearms division and favorably impacted by the strong gross margins in its accessories division. Net income rose to $35.65MM or $0.63 per share from $21.89MM or $0.40 per share last year. Net sales grew 22.2% to $221.12MM. Non-GAAP EPS increased to $0.66 from $0.45.
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.