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$ETN, which competes with $PH and $ITT, said it expects its 2016 organic revenues to decline on the order of 2-4%. For Electrical Products, organic growth is expected to be 0-2% and in Electrical Systems and Services negative 2% to negative 4%. In the Hydraulics segment, $ETN is now forecasting organic growth of negative 9% to negative 11%.
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.