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$TUP, known for its kitchen storage and beauty care products, reported a higher 1Q16 profit on lower costs, despite a 10% fall in sales. The company posted earnings of $43.4MM, or $0.86 per share, compared with $29.5MM, or $0.59 a year ago. Sales fell to $525.7MM.
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.