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For 3Q16, $KORS expects total revenue to be in the range of $1.33-1.35Bil and diluted EPS to be in the range of $1.44-1.48. The company expects FY16 total revenue to be in the range of $4.60-4.65Bil, while diluted EPS is expected to be in the range of $4.38-4.42.
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.