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Granite, limestone, sand and gravel seller $MLM reported a rise in 4Q15 earnings driven by lower cost of sales as well as higher sales. Net income rose to $83.2MM or $1.26 per share from $64MM or $0.94 per share last year. Total Revenue slid to $844.6MM from $856.4MM. Adjusted EPS increased by 22.3% to $1.15.
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.