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In 2Q16, $INTC's GM was 62%, a point higher than its expectations mainly driven by lower platform unit costs. Spending on R&D and MG&A was $5.2Bil for the quarter. Client Computing Group's operating profit rose 19% to $1.9Bil vs. 2Q15, driven by lower overall spending and margin improvements in mobile products, and higher ASPs in the PC segment.
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.