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$DPZ reported higher earnings in 3Q16, driven by higher operating margins on increase in sales and store growth. This was partially offset by higher general and administrative expenses and higher interest expense. Net income rose 24.8% to $47.2MM and diluted EPS rose 43.3% to $0.96 compared to the prior year quarter.
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.