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Dallas, Texas-based $TXN said that gross profit was $1.82Bil in 1Q16, 60.6% of revenue. Gross profit margin increased 290 basis points from a year ago quarter, primarily due to lower manufacturing costs, as well as higher percentage of more profitable products.
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.