Special Report on
Share Repurchase Plan
Share Repurchase Plan - Trends
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Research in Motion today reported first quarter earnings that beat Wall Street estimates but missed the analysts’ targets on revenue. The company also announced a share repurchase plan. ( Statement ) For the quarter, the company reported revenue of $4.24 billion, up 24 percent from the year-ago quarter. Net income came in at $768.9 million, or $1.38 per share, up from the $1.12 per share reported in the year ago quarter. Analysts had been expecting earnings of $1.34 a share on revenue of $4.36 billion. Looking ahead, the company projected second quarter revenue between $4.4 billion and $4.6 billion, in-line with Wall ...
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Jun 18, 2010 - Genzyme Corporation (NASDAQ: GENZ) announced today that it has entered into an agreement with Goldman, Sachs & Co. to repurchase $1 billion of Genzyme common stock under an accelerated stock repurchase program. Proceeds from its recently concluded debt offering will be used to support this first tranche of Genzyme's overall $2 billion share repurchase plan announced in May. "Our stock repurchase program is part of a comprehensive five-point plan to increase shareholder value," said Henri Termeer, Genzyme's chairman and ... Read More
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