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Agrochemical company $MON said it expects FY16 as-reported EPS to be $3.36-4.14 and ongoing EPS to be at the low end of its guidance range of $4.40-5.10. Net cash from operating activities is expected to be $2.2-2.6Bil, and net cash for investing activities to be about $0.9-1.1Bil. Company also expects free cash flow to be $1.3-1.5Bil for FY16.
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.