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Industrial products company $ATU reported a decline in 4Q16 earnings due to lower sales, unfavorable foreign currency exchange rate changes and loss on Sanlo product line. Net income slid to $17.4MM or $0.29 per share from $22.08MM or $0.37 per share last year. Net sales fell to $275.77MM from $300.38MM. Adjusted EPS was $0.30 for 4Q16.
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.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?