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Tool and diagnostic equipment maker $SNA reported a rise in 1Q16 earnings driven by higher sales as well as lower expenses. Net income rose to $128.3MM or $2.16 per share from $110.5MM or $1.87 per share last year. Net sales grew to $834.2MM from $827.8MM.
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.