Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Orion Energy Systems Increases Share Repurchase Program To $7.5 Mln

RELATED NEWS
Trade OESX now with 

Orion Energy Systems Inc. (OESX: Quote) announced that its Board has approved an increase to its previously announced $2.5 million share repurchase program. The increase authorizes the Company to repurchase in the aggregate up to $7.5 million of its outstanding common stock.

The company said it expects to be able to begin repurchasing its shares under this increased share repurchase authorization shortly after it announces its fiscal 2012 financial results sometime in mid-to-late May.

Through March 31, 2012, the Company has repurchased approximately $740,000 of its shares under its previous $2.5 million repurchase plan.

Click here to receive FREE breaking news email alerts for Orion Energy Systems Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. After ending the previous session modestly lower, stocks moved mostly higher over the course of the trading day on Thursday. The gains on the day more than offset yesterday's losses, lifting the major averages to their best closing levels in a month. Sen. Lindsey Graham, R-S.C., is seen as a long shot for the Republican presidential nomination in 2016, and his chances may have gotten worse after he was recorded joking about the prospects for "white men" if he were elected president.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.