Breaking News Bar
updated: 2/7/2014 7:43 AM

Apple said to take $14B bite of stock via buyback

hello
Success - Article sent! close
  • Apple has reportedly repurchased $14 billion of its stock in the two weeks after its first-quarter financials and second-quarter revenue outlook disappointed investors.

      Apple has reportedly repurchased $14 billion of its stock in the two weeks after its first-quarter financials and second-quarter revenue outlook disappointed investors.
    Bloomberg News

 
Associated Press

Apple has reportedly repurchased $14 billion of its stock in the two weeks after its first-quarter financials and second-quarter revenue outlook disappointed investors.

Its shares are up more than 9 percent in premarket trading Friday.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Late Thursday, The Wall Street Journal reported that Apple Inc. CEO Tim Cook said that the company was "surprised" when its stock dropped 8 percent the day after its earnings report and revenue outlook. He told the newspaper he wanted to be "aggressive" and "opportunistic." The company has faced pressure from activist investor Carl Icahn to boost its share buybacks.

Cook told the Journal that Apple has repurchased more than $40 billion of its shares in the last 12 months..

An Apple representative didn't immediately respond to an email seeking comment.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here