标题: Question about Share Repurchase [打印本页]
作者: skyjiao 时间: 2007-10-26 21:52 标题: Question about Share Repurchase
I have a question regarding the share repurchase in Corporate Finnace Section.
When the company decides to repurchase shares, in order to calculate the new EPS, whether we should deduct the cash used to repurchase shares from earnings like what dividends do for calculating EPS.
The calculatino like : EPS = (Earnings - Cash used to repurchase shares)/number of shares after repurchasing
Or we just ignore the cash used for buyback, still use the earnings as: EPS=Earnings/number of shares after buyback
Thanx
作者: 胡老师 时间: 2007-10-27 16:03
EPS=Earnings/number of shares after buyback应该使用这个公式，回购的现金不是费用，不会减少净利润
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