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The security software maker $SYMC reported a 36% drop in 2Q16 earnings due to a decline in revenue and higher expenses. Net income fell to $156MM or $0.23 per share from $244MM or $0.35 per share last year. Revenue declined 7% to $1.5Bil. Non-GAAP EPS decreased to $0.44 from $0.48.
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.