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In 2Q16, $GLW expects GM to improve sequentially and to be 41-42%. SG&A will be approx 14% and RD&E will be approx. 8% of sales. Other income/expense is expected to be a net expense of approx. $55MM. For 2016, effective tax rate is expected to be 15-16%.
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.
$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?