$250M Share Buyback Boosts Seadrill; Tencent Music Misses Estimates
- August 15th, 2023
- 347 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
-
NJCP National Football Conference Names David Dalton Head Coach of Salt Lake Yeti
February 06th, 2026FDA Takes New Approach to "No Artificial Colors" Claims
February 06th, 2026NJCP National Football Conference Announces Micah Deckart as Head Coach of the Idaho Outlaws
February 05th, 2026
Member Login