EMCOR Group Board Authorizes Addl. $500 Mln Share Repurchase Program
(RTTNews) - EMCOR Group, Inc. (EME) announced Friday that its Board of Directors has authorized an additional $500 million for the purchase of shares of its outstanding common stock under its existing share repurchase program.
The repurchases under the authorization will be funded by the Company's operations. The share repurchase program has no expiration date.
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EMCOR Group Guides FY23 Revenues Above Estimates; Boosts Dividend
While reporting financial results for the fourth quarter on Thursday, EMCOR Group, Inc. (EME) initiated its earnings and revenue guidance for the full-year 2023.
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders seemed reluctant to make more significant moves amid what is likely to be a quiet week due to the Christmas Day holidays. Optimism about more interest rate cuts by the U.S. Fed next year is aiding market sentiment. Asian markets closed mostly higher on Monday.
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Australian Market Extends Gains In Mid-market
The Australian stock market is extending its gains in mid-market trading on Tuesday, continuing to add to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying a tad above the 8,200 level, with stocks across sectors trading mixed amid a lack of direction ahead of the Christmas holidays.
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Sensex, Nifty Set To Open Higher On Firm Global Cues
Indian shares may move in a tight range on Tuesday ahead of a market holiday on Wednesday for Christmas.
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Japanese Market Modestly Lower
The Japanese stock market is trading modestly lower on Tuesday, reversing the gains in the previous session, with the Nikkei 225 falling to be a tad above the 39,000 mark, despite the broadly positive cues from Wall Street overnight, with weakness in index heavyweights and some exporter stocks.
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Thai Bourse May Reclaim 1.400-Point Level
The Thai stock market on Monday wrote a finish to the two-day slide in which it had stumbled almost 35 points or 2.8 percent. The Stock Exchange of Thailand now sits just above the 1,385-point plateau and it may extend its gains on Tuesday.
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Australian Market Slightly Higher
The Australian stock market is trading slightly higher in choppy trading on Tuesday, extending the sharp gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying a tad above the 8,200 level, with stocks across sectors trading mixed amid a lack of direction ahead of the Christmas holidays.
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Win Streak May Continue For Indonesia Stock Market
The Indonesia stock market has climbed higher in two straight sessions, collecting almost 120 points or 1.7 percent along the way. The Jakarta Composite Index now rests just beneath the 7,100-point plateau and it may open higher again on Tuesday.
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