Chinese e-commerce giant JD.com has announced a $5 billion share repurchase program over the next three years. The move comes after a period of stock decline due to factors like Walmart’s sale of its stake and disappointing sales reports from competitors. This buyback program aims to boost investor confidence and support JD.com’s stock price.
Intuit reported strong fourth-quarter financial results, exceeding revenue and earnings expectations. The company also announced a new $3 billion share buyback authorization and a quarterly dividend of $1.04 per share. Despite positive results, Intuit’s outlook for the first quarter fell short of analyst expectations.
TerrAscend Corp., a leading cannabis operator based in Canada, has announced a $10 million share repurchase program, marking its first such initiative. This move reflects the company’s strong financial performance, including a 7.5% year-over-year increase in net revenue during the second quarter. The buyback program highlights TerrAscend’s confidence in its future growth prospects and commitment to enhancing shareholder value.
Monster Beverage Corp (MNST) announced a new $500 million share buyback program, sending its stock higher in after-hours trading. The move comes after the company reported weaker-than-expected earnings for the second quarter due to slower growth in the energy drink category in the U.S.
In a move that solidifies Apple’s status as a value stock, the technology giant has authorized an additional $110 billion in share repurchases, marking the largest such announcement ever made in the United States. This move follows the company’s impressive quarterly results, which exceeded investor expectations and signaled an easing of the slowdown that has impacted the company. With this latest buyback, Apple now holds the top six spots for the largest share-repurchase announcements in US history.
