Share Buybacks Distort Profit Picture
Share Buybacks Distort Profit Picture.....»»
Lowe"s beats profit expectations as same-store sales jump 28%, plans $9 billion in share buybacks in 2021
Shares of Lowe's Companies rose 0.7% in premarket trading Wednesday, after the home improvement retailer reported fiscal fourth-quarter p.....»»
Starbucks warns of profit-growth miss as stock’s rapid rise prompts ‘pull forward’ of buybacks
Shares of Starbucks Corp. slumped Wednesday after the coffee seller warned that 2020 profit growth will be below its target, citing a “pull forward†of about $2 billion worth of stock repurchases, which would have boosted per-share results......»»
Wells Fargo spent $7.3 billion on stock buybacks, helping EPS rise while net income fell
Wells Fargo & Co.'s fourth-quarter profit beat, while revenue missed, appears to have been aided by the bank spending over $7 billion on share buybacks during the fourth quarter. Wells reported a net income.....»»
Global Payments" stock gains after profit beat, buybacks boost
Shares of Global Payments Inc. edged up 0.5% in premarket trade Wednesday, after the payment technology company reported adjusted earnings that topped expectations and boosted its share repurchase program. Net income fell to $75.2 million, or 47 cent.....»»
RCI Reports 2Q24 Sales, Development Updates & Share Buybacks; Holding X Spaces Call at 4:30 PM ET Today
RCI Reports 2Q24 Sales, Development Updates & Share Buybacks; Holding X Spaces Call at 4:30 PM ET Today.....»»
Nintendo reports FY profit per share Y4,032.60 vs. Y2,171.20 last year
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
: Lilly board authorizes $5 billion more in buybacks
Eli Lilly and Co. LLY said Monday that its board authorized $5 billion in share repurchases while keeping the dividend unchanged. The drug maker said the new share buyback authorization, which h.....»»
Warren Buffett"s Berkshire Hathaway sold a net $4 billion of stock and slowed buybacks in the 1st quarter
The famed investor's company spent $6.6 billion on share repurchases, significantly less than in the past two quarters. Warren Buffett. REUTERS/Rick Wilking Warren Buffett's Berkshire Hathaway sold s.....»»
U.S. Steel swings to Q1 profit, but sales came in slightly under expectations
Shares of U.S. Steel Corp. fell more than 2% in the extended session Thursday after the steel producer reported sales slightly below expectations and swung to a GAAP profit. U.S. Steel said it earned $91 million, or 35 cents a share, in the qua.....»»
Sony Targets $1.8B Share Repurchase To Make Up For The Profit Miss: Bloomberg
Sony Group Corp (NYSE: SONY) will repurchase up to $1.8 billion (200 billion yen) shares after posting quarterly profit below expectations, Bloomberg reports. Earnings: The March quarter operating .....»»
Lockheed Martin beats first-quarter profit estimates and raises guidance
Defense contractor Lockheed Martin Corp. said Tuesday it had net income of $1.8 billion, or $6.56 a share, in the first quarter, up from $1.7 billion, or $6.08 a share, in the year-earlier period. Sales rose to $16.3.....»»
Market Extra: Get ready for stock buybacks to roar back
Bank of America this week announced a new $25 billion share buyback program, but it is probably only the start......»»
Mark Hulbert: Why a pickup in both insider selling and share buybacks is a red flag for stocks
Corporate insiders are buying company stock with one hand and selling with the other......»»
Mark Hulbert: Why a pickup of both insider selling and share buybacks is a red flag for stocks
Corporate insiders are buying company stock with one hand and selling with the other......»»
Chinese tech firms hammered by the Archegos blow-up announce share buybacks
Vipshop, Tencent Music Entertainment, and GSX Techedu all announced share buybacks in the past week after the hedge fund Archegos' historic blow-up. Fuller Studio/YouTube Three Chinese tech firms will buyback $1.55 billion in shares.....»»
The Wall Street Journal: Fed says limits on payouts, share buybacks to end for most banks after June 30
The Federal Reserve said temporary limits on dividend payments and share buybacks will end for most banks after June 30, following the completion of annual stress tests to determine their resilience to a hypothetical downturn......»»
UPDATE: Burlington Stores profit and sales beat estimates, stock jumps 4.6% premarket
Discount retailer Burlington Stores Inc. said Thursday it had net income of $155.9 million, or $2.33 a share, in the fourth quarter, down from $206.3 million, or $3.08 a share, in the year-earlier period. Adjusted per-share earnings came.....»»
Foot Locker says will continue to assess "opportunistic share buybacks"
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
TJX profit and sales take a hit after COVID-19-related store closures
TJX Cos. shares fell 2.7% in Wednesday premarket trading after the off-price retailer reported fourth-quarter earnings and sales that missed expectations. Net income totaled $325.5 million, or 27 cents per share, down from.....»»