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$ILMN said its adjusted GM for 1Q16 was 71.7%, flat compared to 4Q15 as the benefit of favorable consumables mix was offset by lower absorption. YoverY adjusted GMs contracted 50 BPs, as the positive impact of consumables mix was more than offset by lower instrument margin associated with fewer HiSeq X shipments and a decline in services margin.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.