All articles tagged with #share buyback program
Box Inc. reported its first $1 billion fiscal year and announced a $100 million share-buyback program, leading to a 2% rise in its stock after hours. The company's CEO highlighted the adoption of Box AI by financial services customers, integrating advanced AI models into the Box Content Cloud, and also announced integration with Microsoft Azure OpenAI.
Uber Technologies Inc. announced its first-ever share-buyback program, with its board authorizing the repurchase of up to $7 billion worth of stock, leading to a 5.6% premarket stock jump. Chief Financial Officer Prashanth Mahendra-Rajah stated that the move reflects confidence in the company’s financial momentum.
Wells Fargo's board has approved a new share buyback program of up to $30 billion, causing the bank's shares to rise. This comes after the bank reported a 57% increase in profit in the second quarter and passed the Federal Reserve's stress test, allowing them to raise their third-quarter dividends.