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$KEYS said OpEx totaled $290MM for 2Q16, up 8% over last year, mainly due to the addition of Anite. This resulted in a 2Q16 operating margin of 18.3% compared with 20.9% in the prior year. On a sequential basis, operating margin improved 50 BPs, as the company continued to proactively manage its cost structure.
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.