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Tuesday, January 27, 2015

DuPont plans $4 billion share buyback, (NYSE: TRI), (TSE: TRI.TO)

DuPont, under pressure from activist investor Nelson Peltz to improve shareholder returns, said it plans to purchase back up to $4 billion of its stock using a dividend expected from a spinoff of its performance chemicals business.The company, which has a $5 billion repurchase program, also raised its cost reduction target by $300 million to at least $1.3 billion, expected to be realized by 2017.DuPont forecast 2015 operating earnings of $4.00-$4.20 per share, including the performance chemicals unit. Analysts on average were expecting $4.46 per share, according to Thomson Reuters I/B/E/S.Shares of the company, which reported a fourth-quarter profit that was in line with the average analyst estimate, were down 1.5 percent at $73 in light premarket trading on Tuesday.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.55% or $0.22/share to $39.96. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 747900 shares of TRI exchange hands on a given day and today's volume is recorded at 898860.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.79% or $0.39/share to $49.78. In the past year, the shares have traded as low as $36.86 and as high as $49.89. On average, 708495 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 719516.



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