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$EA posted higher earnings in 1Q17, helped by an increase in revenue compared to 1Q16. Net income was $440MM or $1.40 per diluted share compared to $442MM or $1.32 per diluted share last year. Net revenue grew about 5.7% from the year-ago quarter to $1.27Bil. Diluted non-GAAP EPS was $0.07 in 1Q17.
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.