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In 4Q15, $DOV's largest segment Engineered Systems had 4% organic growth. Fluids declined 6%, hurt by weak oil and gas markets and soft market conditions. In Refrigeration & Food Equipment, organic revenue fell 6% primarily on reduced volume from a key customer. In Energy, organic revenue fell 40% on decline in North American oil and gas markets.
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.