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$TSO's gross refining margin for 1Q16 fell $230MM from last year, driven by a net LCM adjustment related to inventory given lower price environment it is experiencing of $147MM in 1Q16 compared to a benefit of $42MM in 1Q15. This resulted in an overall decrease of $1.96 in its gross refining margin per barrel.
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.