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$DY said that full-year 2016 effective tax rate was 37.6% and slightly lower for 4Q16 as the company benefited from tax credits in relation to pretax operating results. 4Q16 non-GAAP adjusted EPS was $1.64 per share vs. $0.97 in 4Q15. Liquidity exceeded $426MM at quarter-end and $DY reduced borrowings on its credit agreement by $17.8MM.
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?