Share Buybacks Distort Profit Picture

The Boston-based conglomerate earned $6.16 billion, or 72 cents a share, as total revenues fell 8 percent to $20.52 billion......»»

British clothing retailer Next has shored up its finances to help get it through the coronavirus crisis by selling property, suspending share buybacks and dividends and cutting costs after first-quarter sales fell 41%......»»

United Parcel Services, Inc. (NYSE: UPS) shares are trading lower after the company reported worse-than-expected first-quarter EPS results. The company also withdrew its 2020 guidance and suspended share buybacks for 2020 amid the coronavirus. read more.....»»

Harley-Davidson Inc slashed its dividend and halted share buybacks on Tuesday to boost its cash reserves as global lockdowns due to the coronavirus pandemic hit motorcycle demand in the first quarter......»»

Harley-Davidson Inc cut its quarterly dividend to just 2 cents and suspended share buybacks on Tuesday to boost its cash reserves as global lockdowns due to the coronavirus pandemic hit motorcycles sales in the first quarter......»»

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.....»»

REUTERS/Brendan McDermid Billionaire "bond king" Jeff Gundlach slammed government relie.....»»

GM suspends dividend, share buybacks as coronavirus hits sales.....»»

General Motors said Monday it has suspended its quarterly cash dividend and its share buybacks to save cash in the face of the coronavirus crisis that has severely hurt global auto sales. Fred Katayama reports......»»

General Motors Co said on Monday the automaker has suspended its quarterly cash dividend on its common stock and its share buybacks to save cash in the face of the coronavirus crisis that has severely hurt global automobile sales......»»

CSX Corporation (NASDAQ: CSX) first-quarter net profit fell 7.7% amid lower revenues and a record operating ratio. First-quarter 2020 net income was $770 million, or $1 a share, c.....»»

After markets closed Tuesday, Snap reported a net loss of $0.08 per share and $462 million in revenue, compared with consensus estimates that called for a net loss of $0.07 per share and $431.43........»»

An official charged with overseeing how the U.S. government handles $500 billion in bailout funds said on Friday he will also monitor how companies use the cash, including for share buybacks, dividends and staff compensation......»»

Abbott Laboratories reported earnings of 31 cents a share on net revenue of $7.73 billion......»»

ConocoPhillips said Thursday it is taking another series of measures to combat a falling oil price and weak demand during the coronavirus pandemic. The oil major said it is making further capital, operating cost and share buyback red.....»»

The lender, the most global of the U.S. banks, said net income fell to $2.52 billion, or $1.05 per share, in the first quarter......»»

PANAMA CITY, April 15, 2020 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX, ", Bladex", , or ", the Bank", )), a Panama-based multinational bank ori.....»»

JPMorgan's figures fell short of analysts' expectations, as net revenue slid 3% and earnings per share plunged 70%......»»

The fourth-largest U.S. lender's quarterly profit fell to $42 million, or 1 penny per share, from  $5.51 billion, or $1.20 per share, a year earlier......»»

Core-Mark Holding Co. Inc......»»