8 days ago • Posted by William Ramstein

Sony to buyback $1.8 billion of its shares

Sony reported profits below expectations and said it would buyback its shares in the sum of $1.8 billion or 200 billion yen. Share buybacks are a way for firms to control for EPS and basically increase it. Profits were lower so EPS was lower, and well, buybacks solve this issue. 

Source: Bloomberg