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Milpitas, California-based chipmaking equipment manufacturer $KLAC reported 2Q16 net income of $152MM and diluted EPS of $0.98, helped by lower expenses. Total revenues were $710MM, up 5% from $676MM in 2Q15. Non-GAAP net income was $162MM or $1.04 per diluted share compared to $113MM or $0.68 per diluted share in 2Q15.
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?