Stocks Stock Buybacks

More

  • *3rd- quarter adjusted profit $0.64/ shr vs estimate of $0.62/ shr. March 15- Oracle Corp reported a higher-than-expected quarterly profit as its cloud business continued to gain momentum, and the company said it was boosting its stock buyback program by $10 billion. Revenue from Oracle's cloud-computing software and platform service, a closely watched metric,...

  • March 15- Oracle Corp reported a higher-than-expected quarterly profit and boosted its stock buyback program by $10 billion, sending its shares up about 3 percent in extended trading. Net income fell to $2.14 billion, or 50 cents per share, in the third quarter ended Feb. 29, from $2.50 billion, or 56 cents per share, a year earlier. Analysts on average had expected a...

  • Buybacks soar to new heights

    The Fast Money panel discusses buybacks as the number of companies doing buybacks increased to 25% this quarter.

  • Beware of buybacks?

    CNBC's Dominic Chu reports on the possibility that share buybacks could trigger the next downturn in markets.

  • The company also said on Thursday that it planned to buy back about $1 billion in shares in fiscal 2016.. Dollar General's net income rose to $376.2 million, or $1.30 per share, in the fourth quarter ended Jan. 29 from $355.4 million, or $1.17 per share, a year earlier. Net sales rose to $5.29 billion from $4.94 billion.

  • TOKYO, March 10- Japanese firms sitting on more than $3 trillion of cash are buying back their own shares at a record rate, while turning a deaf ear to calls from Prime Minister Shinzo Abe to step up spending on wages and investment to support the economy. Japan's largest companies are under pressure to boost meager returns for their investors, but the volume of cash...

  • Spin-outs a good strategy this year: Pro

    Discussing the state of the markets and the U.S. economy with David Kostin, chief U.S. equity strategist at Goldman Sachs.

  • Best Buy also said it would buy back up to $1 billion in shares over the next two years and it announced a special dividend of 45 cents per share. Best Buy forecast revenue of $8.25 billion- $8.35 billion and a profit of 31- 35 cents per share for the first quarter. Analysts on average were expecting revenue of $8.45 billion and a profit of 39 cents per share, according to...

  • The company also said it would buy back up to $1 billion in shares over the next two years and it announced a special dividend of 45 cents per share. Best Buy's net income fell to $479 million, or $1.40 per share, in the fourth quarter ended Jan. 30 from $519 million, or $1.46 per share, a year earlier. Revenue fell to $13.62 billion from $14.21 billion.

  • RELX increases dividend and raises buyback target

    Nick Luff, CFO of RELX Group, explains why the company is using surplus capital to buy back shares.

  • TJX also said that it would buy back about $1.5 billion- $2.0 billion in shares and the company forecast full-year profit largely above analysts' estimates. In the holiday season, "off-price retailers were a preferred destination for much of the middle and upper-middle class seeking brand names at value prices," Ken Perkins, the president of research firm Retail...

  • Feb 24- TJX Cos Inc, the owner of off-price chains T.J. Maxx and Marshalls, reported higher-than-expected quarterly sales as it attracted more bargain-hungry shoppers in the holiday season. The company also said on Wednesday that it would buy back about $1.5 billion- $2.0 billion in shares. TJX's net income rose 2.8 percent to $666.5 million, or 99 cents per share,...

  • We're pleased with 2015 results: CEO

    Nancy McKinstry, CEO of Wolters Kluwer, discusses the company's earnings and the value of share buybacks.

  • *4th- qtr sales $20.98 bln vs est $20.39 bln. *Earnings/shr $1.17 vs $1.05 last year. Shares of the company, which also raised its quarterly dividend by 17 percent and announced a $5 billion share buyback plan, rose 3.2 percent to $126.80 in premarket trading on Tuesday.

  • *4th- qtr sales $20.98 bln vs est $20.39 bln. *Earnings/shr $1.17 vs $1.05 last year. Shares of the company, which also raised its quarterly dividend by 17 percent and announced a $5 billion share buy back plan, rose 2.6 percent to $126.04 in premarket trading on Tuesday.

  • Feb 16- Goldman Sachs Group Inc and Morgan Stanley are expected to buy back about 15 percent of their outstanding shares over the next three years, analysts at JP Morgan Securities said, citing their strong capital positions. Goldman bought back shares worth $4.2 billion in 2015, while Morgan Stanley repurchased $2.1 billion of its shares, reducing their...

  • *FTSEurofirst 300 index closes up 3 pct. LONDON, Feb 12- European shares rebounded on Friday as Deutsche Bank and Commerzbank rallied, helping stock markets stage a partial recovery from stinging losses earlier in the week. But Deutsche Bank surged 11.8 percent on Friday after saying it would buy back more than $5 billion in senior debt, easing concerns about its...

  • *Tender is for bonds worth 3 bln euros and $2 billion. FRANKFURT, Feb 12- Deutsche Bank will buy back more than $5 billion in senior debt, it said in a statement on Friday, sending its shares higher. Deutsche Bank has had 215 billion euros in liquidity reserves, of which 50 billion euros are in senior debt.

  • LONDON, Feb 12- European shares rebounded on Friday as Deutsche Bank and Commerzbank rallied, helping stock markets to partly recover from the week's losses. But Deutsche Bank gained 9.6 percent on Friday after saying it would buy back more than $5 billion in senior debt, easing concern about its bonds. Germany's DAX advanced 2.2 percent, although it remains...

  • Traders work on the floor of the New York Stock Exchange.

    There are several signs we are seeing somewhat more aggressive buyback announcements than usual.