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Snacks manufacturer $MDLZ continued to drive top-tier margin expansion and earnings growth while stepping up organic revenue growth in 1Q16. Organic net revenue grew more than 2%. The company expanded adjusted gross profit margin by 170BP to 39.7% by driving strong net productivity. Adjusted operating income margin expanded 240BP to 15.1%.
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.