On Tuesday, Shares of Caterpillar Inc. (NYSE:CAT), gained 3.28% to $77.79.
Caterpillar, declared it reached a definitive agreement with Citibank N.A. to purchase a total of $1.5 billion of its common stock under an accelerated stock repurchase transaction.
“The continued strength of our balance sheet and strong cash flow allow us to return capital to stockholders despite weakness in the cyclical industries we serve,” said Caterpillar Chairman and CEO Doug Oberhelman. “Repurchasing an additional $1.5 billion of Caterpillar stock in the third quarter of 2015 will bring our total 2015 stock repurchases to about $2 billion. In addition to the stock repurchase, our Board of Directors recently raised the quarterly dividend by 10 percent, further demonstrating our commitment to stockholders.”
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company’s Construction Industries segment offers backhoe, small wheel, skid steer, multi-terrain, compact track, medium and compact wheel, and track-type loaders; mini, wheel, and track excavators; track-type tractors; and select work tools, motor graders, telehandlers, soil compactors, and pipelayers, in addition to its related parts for the heavy and general construction, rental, mining and quarry, and aggregates markets.
Shares of GoPro Inc (NASDAQ:GPRO), inclined 1.88% to $62.42, during its last trading session.
GoPro, declared that it will present at the following investor conferences in August and September 2015:
- Pacific Crest 17th Annual Global Technology Leadership Forum on Monday, August 10 in Vail, CO; presentation planned for 1:30 pm Mountain Time (12:30 pm Pacific Time);
- Oppenheimer 18th Annual Technology, Internet & Communications Conference on Tuesday, August 11 in Boston, MA; presentation planned for 3:05 pm Eastern Time (12:05 pm Pacific Time);
- Citibank 2015 Global Technology Conference on Wednesday, September 9 in New York, NY; presentation planned for 11:45 am Eastern Time (8:45 am Pacific Time);
- Riley & Co. and Great American Group Consumer Conference on Wednesday, September 16 in New York, NY; presentation time TBD;
- Stifel Consumer Conference 2015 on Thursday, September 17 in New York, NY; presentation time TBD;
- Deutsche Bank Technology Conference on Thursday, September 17 in Las Vegas, NV; presentation planned for 7:30 am Pacific Time.
GoPro, Inc. develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing, and enjoying engaging content. The company offers HERO line of capture devices, such as cameras; premium accessories, counting battery BacPac, smart remote, and LCD touch BacPac accessories; and mounts comprising equipment-based mounts compriseing of helmet, handlebar, roll bar, and grip and tripod mounts that enable consumers to capture content while engaged in a range of activities, in addition to mounts that enable customers to wear the mount on their bodies, such as wrist housings, chest harnesses, and head straps.
Finally, American Campus Communities, Inc. (NYSE:ACC), ended its last trade with -2.51% loss, and closed at $37.70.
American Campus Communities, declared that the company will report financial results for the second quarter 2015 after the market close on Monday, July 27, 2015. The company will host its quarterly earnings conference call for investors and other interested parties on Tuesday, July 28, 2015 at 11 a.m. Eastern Time (ET). ACC administration will talk about the quarterly results and business outlook for 2015 on the call.
American Campus Communities, Inc. is an independent equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in developing, owning, and managing high-quality student housing communities.
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