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$RTN raised its 2016 EPS from continuing operations guidance to $7.13-7.33 from prior estimate of $6.93-7.13 and its operating cash flow outlook to $2.8-3.1Bil from prior range of $2.7-3Bil. The company cut its 2016 effective tax rate projection to about 28% from prior forecast of about 28.5%. $RTN still sees net sales of $24-24.5Bil.
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.
$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?