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Tim Thein with Citigroup asks about parts, the expectation was of North America up 3% and Europe around the same range. $PCAR said that looking at the second half, part sales is expected to be up 2-4% compared to the first half levels. Traditionally, the second half parts activity has been a little higher than the first half.
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.