May 11—An unusual kind of drive-through appeared on Santa Fe’s south side Saturday morning. As if their drivers were waiting to order from a busy fast food restaurant, cars lined up down the block, inching toward the Santa Fe Municipal Court’s parking lot. When they entered the lot, though, the drivers were dropping something off […]
Arista Networks (ANET) on Tuesday reported first-quarter earnings and revenue that topped consensus estimates and announced a new $1.2 billion stock buyback. Guidance for Arista stock came in slightly above Wall Street targets. X The maker of cloud computing network gear reported its results after the market close. On the stock market today, Arista stock wavered, […]
Apple (AAPL) stock rose as much as 6% on Friday after the tech giant reported earnings that beat forecasts, sales that fell less than feared, and announced a new $110 billion share repurchase plan. The iPhone maker reported late Thursday second quarter earnings per share (EPS) of $1.53 on revenue of $90.8 billion. Wall Street […]
Dow Jones futures and other major stock indexes extended their rallies in premarket action Friday after the Labor Department’s weaker-than-expected April jobs report. Among the winners was Apple (AAPL), which enjoyed a surge fueled by a share buyback ahead of the opening bell on the stock market today. X Dow Jones futures rose 1.4% vs. […]
Dow Jones futures rose Friday morning, along with S&P 500 futures and Nasdaq futures as Apple (AAPL) beat views and announced a record buyback. The April jobs report looms before the open. X Coinbase (COIN), Texas Roadhouse (TXRH), MercadoLibre (MELI) and Booking Holdings (BKNG) were notable reports overnight. The stock market rally attempt had a strong […]
By Aditya Soni (Reuters) – Apple shares jumped nearly 6% before the bell on Friday as the iPhone maker’s record stock buyback plan and promise of sales growth drew back investors who have shunned the stock on concerns over weak demand and increased competition in China. The company late on Thursday approved an additional $110 […]
(Bloomberg) — Apple Inc. shares jumped in late trading after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing. Most Read from Bloomberg Though revenue fell 4.3% to $90.8 billion in the March quarter, that was better than the $90.3 […]
(Bloomberg) — In a move fitting for one of the largest companies in the world, Apple Inc. just announced the biggest US buyback ever, saying its board approved an additional $110 billion in share repurchases. Most Read from Bloomberg With the announcement, the maker of iPhones tops its own record for largest buyback value announced […]
Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. The 10% drop in year-over-year iPhone sales for the January-March period is latest sign of weakness in a product that […]
(Bloomberg) — Apple Inc. is facing something unusual as it gears up to report its second-quarter results after the close: low expectations. Most Read from Bloomberg Its reputation as a haven that can outperform in all market conditions has been refuted this year, as it sharply lags peers with better growth, a clearer AI narrative, […]
Alibaba (NYSE: BABA) announced on April 2 that it made $4.8 billion in share repurchases in the first quarter of 2024, the second-largest quarterly share buyback in its history. This is likely a down payment on the $25 billion increase in the share buyback program revealed in its fourth-quarter 2023 earnings announcement in February. However, the market’s […]
Shares of Signet Jewelers (NYSE: SIG), the world’s largest diamond jewelry retailer, were soaring on Wednesday after the company delighted investors with a share buyback and raised its guidance to adjust for the diminished share count. As a result of the buyback, the company is raising its adjusted earnings-per-share guidance from $9.08-$10.48 to $9.90-$11.52, and […]