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$ARG's net interest expense rose $1MM or 11% to $15MM in 3Q16 vs. 3Q15. The increase in net interest expense was helped by higher average debt balances, partially offset by lower average borrowing rates in 3Q16 vs. 3Q15. The effective income tax rate was 35.6% of pre-tax earnings during 3Q16 vs. 37.4% in 3Q15.
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.