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$DVA, the largest provider of dialysis services in the United States, reported lower 4Q15 results. $DVA said net income fell 86.2% to $34.47MM, or a loss per share of $0.03 compared to a net income of $250.39MM or $0.96 per share a year ago. Revenue rose 6.1% to $3.53Bil. Excluding items, $DVA earned $1.01 per share.
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?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.