InterDigital Inc (IDCC)

[FISH21049]

This is why I hate share buy-backs:

Textron hits turbulence

Shares of Textron fell 9.5% after the aircraft manufacturer and industrial conglomerate reported its second-quarter financial results.

Textron said that both revenue and net income were down from year-ago levels, and
it took significant stock buybacks to keep earnings per share moving higher.

Weakness in commercial turboprop deliveries, helicopter production, and unmanned systems dinged the company's top line, and the sale of its tools and test division hurt its industrial segment revenue. CEO Scott Donnelly said he expects a recovery in the second half of 2019, but investors didn't seem to want to wait longer for a rebound.

Ir will be interesting to read the transcript of the earnings result and comments by management.