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For 3Q16, $KBH expects housing revenues of $900-960MM. For 2016, $KBH is raising its housing revenue guidance to $3.45-3.7Bil. For 3Q16, ASP is expected to be $375,000-380,000. GM is expected to be 16.5% in 3Q16 and for the full year, it is expected to be 16.7-16.9%. SG&A expense ratio is expected to be 10.8% in 3Q16 and just below 11% for 2016.
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.