{"id":9525,"date":"2023-05-16T13:54:57","date_gmt":"2023-05-16T17:54:57","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/4-big-stock-buybacks-airbnbs-fresh-2-5b-repurchase-devon-to-buy-back-3b\/"},"modified":"2023-05-16T13:54:57","modified_gmt":"2023-05-16T17:54:57","slug":"4-big-stock-buybacks-airbnbs-fresh-2-5b-repurchase-devon-to-buy-back-3b","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=9525","title":{"rendered":"4 big stock buybacks: Airbnb’s fresh $2.5B repurchase; Devon to buy back $3B"},"content":{"rendered":"
\n
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\u00a9 Reuters <\/span>
\n<\/i>\n<\/div>\n

By Davit Kirakosyan<\/p>\n

Investing.com — Here is your Pro Recap of the biggest share-buyback announcements you may have missed last week: repurchases at Airbnb, Devon Energy <\/span><\/span>, Valvoline, and Old Republic.<\/p>\n

InvestingPro subscribers got this news in rapid fire. Never be left in the dust again.<\/p>\n

Airbnb announces $2.5 billion stock buyback, shares drop following Q1 earnings <\/strong><\/h2>\n

Airbnb (NASDAQ:) announced a $2.5B stock buyback program, as InvestingPro reported in real time. Shares dropped more than 10% on Wednesday and closed the week with a 12% loss after the company reported its Q1 results.<\/p>\n

While of $0.18 missed the Street estimate of $0.20, the revenue of $1.8B came in better than the analysts\u2019 estimate of $1.79B, and Nights and Experiences booked hit a record high with over 120M.<\/p>\n

The company guided Q2 revenue in line with the Street estimate but cautioned that growth in the quarter will be limited due to tough comparisons following the pandemic-fueled demand seen last year.<\/p>\n

Devon Energy expands stock buyback to $3B<\/strong><\/h2>\n

Devon Energy (NYSE:) hiked its shares repurchase program by 50% to $3B and declared its quarterly dividend.<\/p>\n

The company reported its Q1 earnings last Monday, with of $1.46 and revenue of $3.82B coming in above the Street estimates. However, shares closed the week with more than a 5% loss.<\/p>\n

\"InvestingPro<\/p>\n

2 more buybacks<\/strong><\/h2>\n

Valvoline (NYSE:)<\/strong> announced that it has commenced a modified “Dutch auction” tender offer to repurchase up to $1B in value of shares of its common stock at $35-$40.<\/p>\n

Shares jumped more than 12% on Wednesday after the company posted better-than-expected Q2 .<\/p>\n

Old Republic International <\/span><\/span> (NYSE:)<\/strong> announced on Friday that its Board of Directors has authorized a $450M share repurchase program.
<\/strong><\/p>\n

Amid an endless firehose of market headlines, jump on the most important ones to fatten your profits: Always be the first to know with InvestingPro.<\/p>\n

Start your free 7-day trial now.<\/p>\n

\"InvestingPro<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters By Davit Kirakosyan Investing.com — Here is your Pro Recap of the biggest share-buyback announcements you may have missed last week: repurchases at Airbnb, Devon Energy , Valvoline, and Old Republic. InvestingPro subscribers got this news in rapid fire. Never be left in the dust again. Airbnb announces $2.5 billion stock buyback, shares […]<\/p>\n","protected":false},"author":1,"featured_media":9526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-9525","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\n4 big stock buybacks: Airbnb's fresh $2.5B repurchase; Devon to buy back $3B | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters By Davit KirakosyanInvesting.com -- Here is your Pro Recap of the biggest share-buyback announcements you may have missed last week: repurchases\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=9525\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 big stock buybacks: Airbnb's fresh $2.5B repurchase; 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