Want to join the conversation?
$PBH, which markets over-the-counter healthcare and household cleaning products, reported a lower 4Q16 profit, mainly hurt by expenses, even as revenue rose 9% to $207.9MM. Latest quarter earnings were $13.9MM, or $0.26 per share, compared to $23.8MM, or $0.45 per share a year ago. Other expenses rose 72% while opex rose 9%.
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.