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For FY16, $OXM expects net sales of $1.02-1.04Bil. Adjusted EPS is expected to be $3.75-3.95. Interest expense is estimated to be approx. $2MM and the effective tax rate is expected to be approx. 37.5%. Capex is expected to be about $55MM in 2016. For 1Q16, $OXM expects net sales of $265-275MM. Adjusted EPS is expected to be between $1.30-1.40.
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.