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$EXPD 2Q15 PR: Expeditors posted revenues of $1,691.5MM, up 6% vs. $1,599.1MM in 2Q14. Airfreight tonnage volume rose 9% and ocean container volume up 5%. Net Revenues rose 14% to a record $552MM and yields expanded 233 bp to 32.6%. Diluted net earnings rose 33% to a record $0.61. Operating income rose 28% to a record $183MM.
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.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.