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$GME 1Q15 10-Q: Net sales were $2,060.6MM vs. $1,996.3MM in 1Q14. Operating earnings were $123.9MM vs. $105.9MM in 1Q14. Net income was $73.8MM vs. $68MM in 1Q14. Cost of sales was $1,421.6MM vs. $1,369.9MM in 1Q14. Gross profit was $639MM vs. $626.4MM in 1Q14. SG&A expenses were $479.3MM vs. $481MM in 1Q14.
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?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.