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$UA said that it expects 2016 net revenues of approx. $4.95Bil, up 25% over 2015 and 2016 operating income of approx. $503MM, up 23% over 2015. Also for the year, the company expects interest expense of approx. $35MM, an effective full year tax rate of approx. 38.5%, and fully diluted weighted avg. shares outstanding of approx. 223MM.
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.