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Beverage alcohol company $STZ reported a rise in 1Q17 earnings driven by growth of its recently acquired brands, higher margins and consumer demand. Net income rose to $318.3MM or $1.55 per Class A common share from $238.6MM or $1.18 per Class A common share last year. Sales grew to $2.05Bil from $1.8Bil. Comparable EPS increased 22% to $1.54.
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.