$250M Share Buyback Boosts Seadrill; Tencent Music Misses Estimates
- August 15th, 2023
- 341 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
-
Key Earnings Ahead for Netflix, Fastenal, and U.S. Bancorp
January 18th, 2026Louisville Thunder Appoints Veteran Coach Mike Reed to Lead Program
January 15th, 2026FDA Approves First Treatment for Children With Menkes Disease
January 13th, 2026January 13th, 2026Wall Street Eyes Bank of America, Wells Fargo, Citi Ahead of Earnings
January 11th, 2026
Member Login