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Real estate investment trust $IRM reported a 52.7% jump in 1Q16 earnings driven by higher other income and lower provision for income taxes. Net income grew to $62.77MM or $0.30 per share from $41.1MM or $0.19 per share last year. Revenues rose to $750.69MM from $749.29MM. Adjusted EPS increased to $0.33 from $0.32.
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.