TEGNA Announces Shareholder-Focused Moves; Applied UV and RYVYL Report Impressive Q1 Revenue Growth
- May 22nd, 2023
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TEGNA Inc. (NYSE: TGNA) has announced significant measures to return excess capital to its shareholders. The company has initiated a $300 million accelerated share repurchase program and increased its quarterly dividend by 20 percent. These actions follow the termination of TEGNA's merger agreement with an affiliate of Standard General L.P., for which TEGNA will receive a termination fee of $136 million.
In the after-hours trading session, $TGNA is currently trading at $16.20, indicating an increase of $0.47 or 2.99%.
Applied UV, Inc. (Nasdaq: AUVI) has reported its financial results for the first quarter of 2023, showcasing remarkable revenue growth. The company achieved revenue of $10.7 million, representing a remarkable 217% increase compared to the same period in 2022.
$AUVI is currently trading at $0.63 in after-hours, demonstrating an increase of $0.16 or 33.64%.
RYVYL Inc. (Nasdaq: RVYL) has reported record-breaking quarterly revenue for the first quarter of 2023. The company generated $11.3 million in revenue during this period, a notable 169% increase compared to the same timeframe in 2022.
In after-hours, $RVYL is trading at $0.49, reflecting an increase of $0.04 or 8.31%.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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