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In FY16, $WRK expects cash flow from operations of $1.8-1.825Bil and Capex of $825-850MM. $WRK is including Ingevity's results in the outlook for the 7-month period that they will be part of $WRK and will then exclude them for the remaining 5 months. $WRK expects the March quarter will be lower on an adjusted EPS versus the $0.59 posted in Dec.
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.