Seeking Alpha

IBM has added $5B to its stock buyback plan, raising the company's total authorization size to...

IBM has added $5B to its stock buyback plan, raising the company's total authorization size to $11.7B. That's good for buying back 5.3% of outstanding shares at current levels. IBM's huge buybacks are a big reason why it has met or beaten EPS estimates (I, II) in recent quarters even as its revenue misses.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)