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AMZN Amazon.com Inc

179.93
4.93 (2.82%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Amazon.com Inc NASDAQ:AMZN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.93 2.82% 179.93 179.92 180.00 185.15 176.56 181.64 95,015,514 01:00:00

Amazon Outlines $5 Billion Stock-Buyback Plan

10/02/2016 10:10pm

Dow Jones News


Amazon.com (NASDAQ:AMZN)
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Amazon.com Inc. said its board authorized the repurchase of as much as $5 billion of the online retailer's stocks.

The company's shares, which have fallen 19% in the past month, rose 1.4% to $497.50 in recent after-hours trading.

In a regulatory filing, Amazon said the latest stock-buyback plan replaces its previous $2 billion share-repurchase program that the board approved in 2010.

Late last month, Amazon reported the largest quarterly profit in its 19-year history as a public company, as more consumers eschew brick-and-mortar retail for the convenience of ordering goods and services from their couch. However, the results missed analysts expectations.

Write to Tess Stynes at tess.stynes@wsj.com

 

(END) Dow Jones Newswires

February 10, 2016 16:55 ET (21:55 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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