Amazon.com Inc. (AMZN) continued its streak of not returning money to shareholders to 33 quarters. Although the e-commerce and cloud giant has had a $5 billion share repurchase program in place since February 2016, the last time Amazon bought back any of its stock was the first quarter of 2012, when it spent $960 million to repurchase 5.3 million shares ( ). And Amazon has never paid a dividend. Of the other technology giants that reported earnings late Thursday ( ), Apple Inc. (AAPL) spent $16.0 billion to buy back its stock during the latest quarter, Google-parent Alphabet Inc. (GOOGL) spent $6.8 billion on buybacks and Facebook Inc. (FB) repurchased $1.4 billion worth of stock. Over the past 12 months, Amazon shares have rallied 63.5% through Thursday, while Apple shares have climbed 80.6%, Alphabet's stock has advanced 26.3% and Facebook shares have gained 20.7%, while the S&P 500 has tacked on 8.9%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 31, 2020 08:48 ET (12:48 GMT)
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