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Medical device company $COO posted higher 3Q16 results, helped by higher sales and strong performance at its CooperSurgical segment. $COO said net income rose 95.6% to $87.92MM or $1.79 per share from $44.95MM or $0.91 per share a year ago. Revenue rose 11.49% to $514.72MM. Excluding items, $COO earned $2.30 per share.
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.