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Global mass media company $VIAB reported a lower quarterly profit, hurt by higher expenses. The company reported 3Q16 earnings of $432MM, or $1.09 per share, compared with $591MM, or $1.47 per share a year ago. Revenue rose 2% to $3.11Bil, but expenses climbed 18% to $2.34Bil.
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.