Glencore 1H Net Income Beats Estimates

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Aug. 20 (Bloomberg) –- Bloomberg’s Mark Barton and Manus Cranny reports earnings for Glencore, the global commodity trader and metals producer, on “Countdown.” (Source: Bloomberg)

To navigate the financial crisis.

Yesterday, bhp billiton announced -- it is going to start a share buyback.

That already separate dates -- separates it.

Shares foul.

Let's get to the earnings.

Beat estimates.

Analysts were estimating $1.93 billion.

As well.

What are companies doing?

They are demanding greater returns.

That is where we are seeing the buyback.

Why are they doing this?

You spend over $600 billion -- is about time for you to downsize, cut costs.

Return some of the excess catch -- cash.

That is exactly what it does.

Profitability has risen in the first half.

Shares are off 15% this year.

Beating bhp.

That buyback will separate them further.

He came in.

What catches my eye, and i'm going to see how it stacks up, they sold off -- took in $6 billion.

I was reading investors could expect to have worth $3 billion -- 2.5-3 billion dollars.

I love what poll said.

-- paul said.

He is the smartest man in the room when it comes to run a mining is ms.. and where the industry goes from here.

He was rather -- disparaging.

What he is worried about is whether people are going to provide value.

He didn't see the point.

Let's see what the traders have

This text has been automatically generated. It may not be 100% accurate.

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