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Intel announces $20 billion increase in stock buybacks (from $4.5 billion)

posted by martyb on Sunday October 27 2019, @06:25PM   Printer-friendly

An Anonymous Coward writes:

"Intel today announced its board of directors has approved a $20 billion increase in its stock repurchase program authorization. In the third quarter, the company generated approximately $10.7 billion in cash from operations, paid dividends of $1.4 billion, and used $4.5 billion to repurchase 92 million shares of stock".

https://www.intc.com/files/doc_financials/2019/Q3/Q3-2019-Earnings-Release.pdf

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  • (Score: 2) by RamiK on Sunday October 27 2019, @08:42PM

    by RamiK (1813) on Sunday October 27 2019, @08:42PM (#912521)

    ...the company's future...

    Ah! An optimist! Go away! Shoe! Shoe!

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