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$EW's gross margin for 2Q16 fell to 73.3% from 74.3% in the previous year quarter. This decrease was driven primarily by the impact of foreign exchange, partially offset by a more profitable product mix reflecting strong growth in Transcatheter Heart Valve Therapy and the prior year sales return reserve.
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.