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Agricultural equipment maker $DE reported a drop in 3Q16 earnings due to continuing impact of global farm recession and difficult conditions in construction equipment markets. Net income fell to $488.6MM from $511.7MM last year, while EPS rose to $1.55 from $1.53 on lower average shares outstanding. Net sales and revenues dropped 11% to $6.72Bil.
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.