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losty
on April 21, 2016
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Alphabet slides 5% after missing earnings expectat...
The two are unrelated. They could spend all their cash on buybacks and the earnings would be the same.
ucha
on April 21, 2016
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Earnings are reported per share so stock buybacks are actually a pretty common way to make earnings look better. Of course, it doesn't change the total earnings but the number reported by techcrunch would indeed change.
jonknee
on April 22, 2016
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The analysts making EPS estimates know about the buybacks too and increase the EPS to compensate.
randomname2
on April 22, 2016
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By earnings I meant EPS
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