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Apple increases dividend, share buybacks amid in-line Q1

2020-05-01 09:54:00| Telecompaper Headlines

(Telecompaper) Apple reported revenues for its fiscal second quarter to end March in line with expectations, up 1 percent year-on-year to USD 58.313 billion, but said service revenues reached a new all-time high of USD 13.348 billon (from 11.450 billion) and that wearables also reached record levels. Earnings per share lifted 4 percent meanwhile to USD 2.55. International sales accounted for 62 percent of total revenues and the operating cash flow increased by USD 2.2 billion to 13.3 billion. As a result, the company has lifted its quarterly cash dividend by 6 percent to USD 0.82 per share, from 0.77 per share in the previous quarter. The company also upped its existing share buyback programme by USD 50 billion.

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ROSS Offers Mobile Inline Rotor/Stator Homogenizers for Efficient High Shear Mixing

2020-03-27 14:52:00| Coatings World Breaking News

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Symantec lifts dividend after Q4 in-line with lowered expectations

2019-12-13 09:53:00| Telecompaper Headlines

(Telecompaper) Broadcom, which completed its buy of Symantec for USD 10.7 billion in November, has now increased its quarterly dividend by 23 percent sequentially to USD 3.25, after reporting revenues in line with expectations and record profitability for the full year despite a challenging market backdrop, CEO Hock Tan said. The company had lowered its revenue guidance in June by USD 2 billion on "anticipated headwinds from wireless", and namely on the back of export restrictions to one of the company's largest customers, Huawei. Looking ahead to 2020, it sees revenues going back somewhat to their previous expected levels, to USD 25 billion, plus or minus USD 500 million, up 11 percent from the fiscal year 2019 at the midpoint of guidance. Adjusted EBITDA is expected to expand by over USD 1 billion to USD 13.75 billion, plus or minus USD 250 million.

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