W. R. Berkley (WRB) said Wednesday its board has increased the share repurchase authorization back to its prior level of 25 million shares of common stock.
Repurchases may be made in the open market or in privately negotiated transactions, the company said.
The company declared a special cash dividend on its common stock of $0.50 per share and also increased its regular quarterly dividend to $0.10 from $0.09, both payable July 2 to stockholders of record on June 23.
Intrepid Potash (IPI) said late Wednesday its board authorized the increase of its existing share repurchase program to $50 million from $35 million initially.The buyback boost is part of the company's capital allocation strategy, according to a statement.The original authorization has approximately $13 million remaining, the company said.
C3.ai (AI) reported Wednesday fiscal Q4 adjusted loss of $0.33 per diluted share, compared with a loss of $0.16 a year earlier.Analysts polled by FactSet expected loss of $0.37.Revenue for the quarter ended April 30 was $51.6 million, down from $108.7 million a year ago. Analysts expected $51.6 million.For fiscal Q1, the company expects revenue of $50 million to $54 million. Analysts expect $51.7 million.The company expects fiscal 2027 revenue of $210 million to $240 million. Analysts expect $224.7 million.
PVH (PVH) reported fiscal Q1 non-GAAP net income late Wednesday of $2.01 per diluted share, down from $2.30 a year earlier.Analysts polled by FactSet expected $1.82.Revenue in the three months ended May 3 rose to $2.03 billion from $1.98 billion a year earlier.Analysts expected $2 billion.The company affirmed full-year non-GAAP EPS guidance of $11.80 to $12.10 and expects flat revenue compared with the prior forecast of a slight increase. Analysts expect EPS of $12.10 on revenue of $9.02 billion.PVH shares slumped 13% in after-hours trading.