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Electricity and natural gas company $WEC reported a higher quarterly profit, helped by its acquisition of Integrys. 2Q16 earnings were $181.4MM, or 57 cents per share, compared with $80.9MM, or 35 cents per share a year ago. Revenue rose to $1.6Bil from $990MM, driven by an addition of $620MM of revenue from Integrys.
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.