Full-year outlook revised to reflect slower market recovery
Announces plan to repurchase $0.75 billion of its common stock by end of fiscal year
Board of directors authorizes new $2.0 billion share.
Revenue and earnings exceed Q1 guidance
Full-year outlook maintained
Highlights
Revenue of $1.66 billion, down 5.6% reported and 6.4% core from the first quarter of 2023.
GAAP net income of.