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Glencore announces $2 billion buyback plan, 2018 earnings rise

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Reuters

(Reuters) - Trading company Glencore on Wednesday announced a $2 billion share buyback program and posted an 8 percent rise in full-year overall adjusted core earnings.

The FTSE 100 company's adjusted earnings before interest, tax, depreciation and amortization rose to $15.77 billion for the year ended Dec. 31, below an estimate of $16.14 billion by VUMA consensus.

(Reporting by Barbara Lewis in London and Muvija M in Bengaluru; Editing by Arun Koyyur)

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First Published: Feb 20 2019 | 12:48 PM IST

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