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$MAT 2Q15 PR: Net sales were $988.2MM vs. $1,062.3MM in 2Q14. Net income was $(11.4)MM vs. $28.3MM in 2Q14. Gross profit was $472.9MM vs. $492.6MM in 2Q14. Operating income was $0.6MM vs. $1MM in 2Q14. BoD declared 3Q15 cash dividend of $0.38 per share and dividend will be payable on Sept. 18, 2015 to stockholders of record on Aug. 26, 2015.
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.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.