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$SYY experienced a sales growth decline of 2% in 1Q16. This decline was driven by currency translation and had the highest impact in the past three years. Foreign currency translation also negatively impacted $SYY's operating income, net earnings and EPS. $SYY expect both deflation and FX translation to impact its results for the next few months.
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.