HUYA Company Board Extends $43.3M Share Buyback Program Through March 2025
Portfolio Pulse from Benzinga Newsdesk
HUYA's board has extended its $43.3 million share buyback program through March 2025. The company had previously repurchased 17.1 million ADSs for $56.7 million under the program.
August 13, 2024 | 10:07 am
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HUYA has extended its share buyback program, allowing the repurchase of up to $43.3 million in shares through March 2025. This move is likely to support the stock price in the short term.
Share buyback programs typically reduce the number of shares outstanding, which can increase earnings per share and support the stock price. The extension of HUYA's buyback program indicates the company's confidence in its financial health and commitment to returning value to shareholders.
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