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During 3Q16, $DE's SG&A expense for equipment operations was down 10% vs. 3Q15, mostly attributable to incentive comp, commissions to dealers, pension and OPEB, and currency translation. FY16 SG&A expense is expected to be down about 5% with incentive comp, currency translation and pension & OPEB accounting for about 6 points of full-year change.
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.