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$LMT said it increased its segment profit outlook by $125MM for 2016, with $60MM of that increase coming from Information Systems & Global Solutions as a result of its strong 1H16 performance. Aeronautics grew by $40MM, driven by the higher sales volume and Space Systems increased by $25MM reflecting its better than planned performance to date.
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.