Want to join the conversation?
$LMT posted higher earnings in 2Q16, helped by recognition of additional income tax benefits by the adoption of a new accounting standard for employee share-based payment awards compared to 2Q15. Net earnings were $1Bil or $3.32 per diluted share versus $929MM or $2.94 per diluted share last year. Net sales were $12.9Bil, up from $11.6Bil in 2Q15.
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.