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$DXPE said gross profit for 1Q16 decreased 29.8% from 1Q15. Gross profit as a percentage of sales decreased to 27.1% in 1Q16. This decrease is primarily the result of an approximate 620BP decline in gross profit percentage in the IPS segment and an 80BP decline in the gross profit percentage of the Service Center 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.