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In Asia, $RL's 2Q16 revenue was up 7% in constant currency with double-digit growth in Japan, China, Southeast Asia and Australia. Korea, Hong Kong and Macau were negatively impacted by reduced tourist traffic. In the Americas, net revenue was up 2% in constant currency and sales trends were impacted by lower foreign tourist traffic.
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.