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Biotechnology major $TMO reported a higher quarterly profit as new products and acquisitions drove revenue up 6%. $TMO reported 2Q16 earnings of $516.6MM, or $1.30 per share, compared to $511.6MM, or $1.27 per share a year ago. Revenue rose to $4.54Bil.
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.