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Telstra Stock Slips as A$1 Billion Buyback Meets Profit Miss
This article first appeared on GuruFocus. Telstra Group (TLGPY), Australia's largest telecommunications provider, slipped 0.5% in Thursday's early Australian trading. The market's message was pretty clear: another giant buyback was not enough. Telstra unveiled a fresh A$1 billion repurchase program, but annual attributable profit …
TLS
main company
Sharemaestro market context
Price below Trend Line
52 weeks -1.5% · Next-week setup positive 56.4%
Australia's Telstra posts 3.2% rise in annual profit, unveils further $706 million buyback
Aug 13 (Reuters) - Australia's Telstra Group announced an additional share buyback of up to A$1 billion ($705.90 million) on Thursday and reported a 3.2% rise in annual profit, driven by growth in its mobile business and higher customer spending. The telecom firm posted …
TLS
main company
Sharemaestro market context
Price below Trend Line
52 weeks -1.5% · Next-week setup positive 56.4%