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$SJM said that excluding amortization, 3Q16 adjusted EPS was $2.05, up 21% vs. 3Q15. The EPS metrics include a $0.14 per share gain on the divestiture of the milk business. The company generated record free cash flow of nearly $500MM in the quarter, bringing the full-year total to $962MM.
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.