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Lorraine Hutchinson of BofA asks about the reduction in other segment loss & the sustainability of cost cuts made in the other segment. $LB said in terms of the YoverY improvement, it is working hard to manage corporate overhead and other expenses with discipline. $LB also had lower bonus payouts for the spring season which drove lower loss.
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.