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$GRPN 2Q15 Call: In North America, gross billings increased 12% to $896MM, driven by growth in all categories. Revenue increased 14% to $481MM and segment operating income improved by almost 85% to $27MM. Local billings grew just over 8%. Local take rate was 34.5% versus 35.7% in 2Q14.
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.