Electronics for Imaging announces $200M buyback

Electronics for Imaging plans to buy back $200 million shares within 3 years

Associated Press

NEW YORK (AP) -- Electronics for Imaging Inc. said Friday that it plans to repurchase $200 million of its common stock within three years.

The company, a provider of digital inkjet printers and other products and services, also announced that it is targeting 2016 adjusted earnings between $2.30 and $2.60 per share on revenue of $1 billion.

Its shares finished at $35.56 in trading Thursday. They have risen more than 87 percent so far this year.

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