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Constant currency adjusted operating income rose 1% from 3Q14 compared to 4% increase through 1H15. Kohinoor business results lowered the growth rate by 2 percentage points. Aside from this impact, $MKC's strong sales and the savings related to stepped-up cost reduction programs offset the increases in material costs and employee benefit expenses.
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?