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$PERY said that its UK operation experienced losses because of the impact of the currency devaluation and the company does not expect its European business to be profitable in FY17. The company expects the UK to generate higher revenues than last year during 4Q17 and start becoming profitable again.
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.