$250M Share Buyback Boosts Seadrill; Tencent Music Misses Estimates
- August 15th, 2023
- 192 views
Shares of Seadrill Limited (NYSE: SDRL) surged in pre-market trading as the company unveiled an up to $250 million share buyback program
Seadrill also disclosed total operating revenues of $414 million in its second-quarter 2023 results, reflecting a notable sequential increase of $148 million, or 56%.
$SDRL was trading a $50.26 in pre-market, marking an increase of $2.39 (+4.99%).
In other news, Tencent Music Entertainment Group (NYSE: TME), a prominent player in the music streaming industry, reported second-quarter 2023 earnings of $0.11 per share, falling short of the consensus estimate of $0.14. The company posted quarterly sales of $1.00 billion, which did not meet analysts' expectations of $1.03 billion in revenue for the period.
In pre-market, $TME was trading at $6.28, up $0.13 (+2.11%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL 33%).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)
Post Your Comments
Want To Find Some News?
Recent Posts
-
CSX, VinFast Auto, and Crown Castle's Earnings Preview
April 14th, 2024Earnings Spotlight: McCormick, TD SYNNEX, and GameStop Set to Report
March 23rd, 2024Upcoming Earnings: Adobe, Ulta Beauty, and Smartsheet Under the Lens
March 10th, 2024
Member Login