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Transnational computer software company $ADBE posted higher 1Q16 net income of $254.31MM or $0.50 per diluted share vs. $84.89MM or $0.17 per diluted share in 1Q15, helped by higher income before income taxes. Non-GAAP diluted EPS was $0.66 for 1Q16. Revenue rose 25% to $1.38Bil vs. 1Q15, helped by increased Subscription revenues of $1.07Bil.
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.