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Real estate investment trust $FRT reported a rise in 2Q16 earnings driven by higher revenues as well as strong progress in all of its business divisions and initiatives. Net income rose to $55.81MM or $0.78 per share from $43.5MM or $0.63 per share last year. Revenues grew to $197.98MM from $181.46MM.
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.