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UBS To Launch New $2B Buyback Plan Amid Credit Suisse Takeover
UBS Group has announced a new share buyback program worth up to $2 billion, set to commence in 2024. This move is intended to enhance investor returns as the bank pursues the completion of its acquisition of Credit Suisse.
Why Clothing Company Guess? Shares Are Surging Today
Guess? Inc announces a new $200 million share repurchase program, signaling confidence in its growth trajectory. With a strategic focus on enhancing shareholder value, CEO Carlos Alberini underscores the company's commitment to capital returns.
Why Footwear And Accessories Retailer Designer Brands' Shares Are Tumbling Today
Designer Brands reported Q4 FY23 results with sales down 0.8%, EPS beat at $(0.44), and a dividend of $0.05 per share. The company sees FY24 EPS of $0.70-$0.80, below consensus.
Why LongHorn Steakhouse Owner Darden Restaurants Shares Taking A Hit Today
Darden Restaurants posts third-quarter FY24 sales growth of 6.8% year-on-year, reaching $2.975 billion, slightly below analyst forecasts. The increase stems from the addition of 79 Ruth's Chris Steak House (Ruth's Chris) restaurants and 53 new locations. However, same-restaurant sales declined 1% during the quarter.
Why Is Signet Jewelers Stock Losing Its Shine Today?
Signet Jewelers reported 6.3% decline in Q4 sales, missing consensus. North America sales down 6.1%, int'l down 1%. Q1 sales expected at $1.47-$1.53B with (11%)-(7%) same-store sales.
Why National CineMedia Shares Are Surging Today
National CineMedia shares up after reporting Q4 results beating expectations and announcing $100M share repurchase program.
What's Going On With HUYA Shares Today?
HUYA reported Q4 revenue of $215.5M, beating the consensus. Adjusted EPS at $(0.11) beat consensus loss of $(0.12). Live streaming revenues declined while advertising and other revenues increased. Company declares special cash dividend and plans to expand into new revenue streams.
Why GigaCloud Technology Shares Are Surging Today
GigaCloud Technology reported strong Q4 FY2023 earnings, with revenue up 94.8%, gross profit up 161.4%, and EPS beating consensus. The company also issued positive 2024 guidance. GCT expects continued growth in Q1 2024.
Vodafone Stock Jumps Over 4% - Sells Italy Unit To Swisscom In $8.7B Deal
Swisscom acquires Vodafone Italia for €8 billion, merging with Fastweb, aiming for growth and substantial synergies in the Italian telecom sector.
Why Variety Store Chain Dollar General's Shares Are Surging Today
Dollar General reports solid Q4 FY23 results, with net sales beating analyst estimates at $9.858 billion, driven by increased customer traffic. Despite a 3.4% year-on-year sales decline, same-store sales rose by 0.7%. CEO Todd Vasos attributes this success to the company's focus on value and convenience. Looking ahead, Dollar General forecasts FY24 EPS of $6.80 - $7.55 and anticipates net sales growth of 6% - 6.7%, signaling confidence in future performance.
What's Going On With Chinese Social Media Firm Hello Group Stock Thursday?
China's mobile-based social and entertainment provider, Hello Group, reported a 6.5% decline in net revenue but beat earnings expectations. Stock price dropped and a special dividend was declared.
Why Is Online Leisure Travel Company Tuniu Stock Rising Today?
Tuniu sees significant revenue growth in Q4 2023, driven by packaged tours, and initiates a $10 million share repurchase program.
Why Target Hospitality Shares Are Higher Today
Target Hospitality reports impressive Q4 results and strong FY24 revenue guidance above estimates. EPS beats consensus, cash flow at $156.8M.

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