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At prevailing exchange rates, $PM revises & narrows its 2015 full-year reported diluted EPS forecast to be in a range of $4.35 to $4.40 vs. $4.76 in 2014. On an adjusted basis, diluted EPS are projected to increase in the range of 11-12% vs. adjusted diluted EPS of $5.02 in 2014, excluding unfavorable currency impact of approx. $1.22 per share.
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.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.