$250M Share Buyback Boosts Seadrill; Tencent Music Misses Estimates
- August 15th, 2023
- 338 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%).
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