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Industrial conglomerate $TXT reported higher earnings in 2Q16, helped by higher revenue compared to 2Q15. Net income was $177MM or $0.65 per share compared to $167MM or $0.60 per share last year. Revenues in the quarter grew 8.1% from last year to $3.5Bil. $TXT's segment profit was $328MM, up $22MM from the same period last year.
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.