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$HCP reported 3Q15 FFO of $265.7MM or $0.57 per share, down from $380.8MM or $0.82 per share a year ago. Revenue rose to $658MM from $597MM. Net income dropped to $115.1MM or $0.25 per share from $247.2MM or $0.54 per share. Adjusted FFO was $369.2MM or $0.79 per share, up from $349.8MM or $0.75 per share last year.
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.