Share Buybacks Distort Profit Picture

Shares of Lowe's Companies rose 0.7% in premarket trading Wednesday, after the home improvement retailer reported fiscal fourth-quarter p.....»»

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 & 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.....»»

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.....»»

PANAMA CITY, April 18, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S......»»

RCI Reports 2Q24 Sales, Development Updates & Share Buybacks; Holding X Spaces Call at 4:30 PM ET Today.....»»

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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.....»»

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.....»»

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 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 .....»»

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.....»»

Bank of America this week announced a new $25 billion share buyback program, but it is probably only the start......»»

Share.....»»

Corporate insiders are buying company stock with one hand and selling with the other......»»

Corporate insiders are buying company stock with one hand and selling with the other......»»

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 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......»»

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.....»»

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.....»»