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Athletic gear retail chain $FINL posted a $0.04 decline in 2Q17 earnings, hurt by higher SG&A expenses, impairment charges and store closing costs, compared to 2Q16. Net income attributable to the company was $22.08MM or $0.53 per diluted share compared to $25.9MM or $0.57 per diluted share last year. Net sales grew 5.4% from last year to $509.4MM.
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.