US Stock Market Move | Announce a new 20 billion euro buyback plan, Vodafone Group Plc Sponsored ADR (VOD.US) rises over 7%.

On Tuesday, Vodafone Group Plc Sponsored ADR (VOD.US) surged over 7%, hitting a two-year high at $10.32. On the news front, Vodafone Group Plc Sponsored ADR released its latest financial report, with the financial data showing a continued decline in revenue in its key German market. The company predicts that growth resistance in its largest market, Germany, will likely result in profits for the new fiscal year either remaining flat or seeing only a slight increase. In a statement, the company stated that it expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDAaL) for the fiscal year ending in March 2026 to be between 11 billion euros (approximately $12.4 billion) and 11.3 billion euros. The average analyst expectation compiled by Bloomberg is around 11.18 billion euros, with the lower end of the earnings guidance range staying relatively consistent with the previous fiscal year. Additionally, the company announced a new share buyback plan of up to 2 billion euros, with an initial tranche of up to 500 million euros in share buybacks to be launched immediately.