The board authorized the expenditure of funds for share repurchases. Given the remaining amount under the board’s March 2019 $6B authorization was $1.9B by the end of the last fiscal quarter, the board today authorized an incremental $5B for share repurchases. The company noted that there is no specific time period associated with this repurchase authorization.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MDT: