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National distributor of natural & organic foods $UNFI posted 3Q16 net income of $38.3MM, or $0.76 per diluted share vs. $41.7MM or $0.83 per diluted share in 3Q15. Adjusted diluted EPS was $1.89. 3Q16 net sales rose 0.8% to $2.13Bil vs. 3Q15 with Global Organic/Specialty Source & Nor-Cal Produce acquisitions contributing approx. 0.9% of net sales.
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.