Earnings per share is the quotient of a company's net income divided by the number of shares of stock it has outstanding. In other words, EPS is a company's profit expressed on a per-share basis.

Earnings per share ... not have much meaning to investors because ordinary shareholders do not have direct access to the earnings. Instead, investors will compare EPS with the share price of ...

(CVX). A share repurchase reduces the total assets of the business so its return on assets, return on equity, and other metrics improve. Reducing the number of shares means earnings per share (EPS ...