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Specialty contracting services provider $DY reported a rise in 3Q16 earnings driven by higher contract revenues. Net income rose to $33.08MM or $1.00 per share from $20.26MM or $0.58 per share last year. Contract revenues grew to $664.65MM from $492.36MM. Adjusted net income for 1Q16 was $35.7MM or $1.08 per share.
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.