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Salty snack maker $LNCE reported net revenue growth of 41%, with a $183.8MM contribution from recently acquired Diamond Foods. Legacy net revenue dipped due to changes in contract manufacturing. Branded revenue grew 0.4%, driven by 1% growth in core brands. Adjusted EBITDA grew 56.6%, driven by lower expenses and the Diamond contribution.
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?