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$CPB, the manufacturer of branded convenience food products, posted 2Q16 net earnings of $265MM, or $0.85 per diluted share, up 19% from net earnings of $222MM, or $0.71 per diluted share, a year ago. Sales declined 1% YoverY to $2.2Bil, primarily due to lower volume and the adverse impact of currency translation.
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.