3 ms·

Parent was writing about "earnings per share", key word being "per share". So with fewer outstanding shares, this obviously increases.

• usefulcat 11y ago
  Ahh, ok that makes sense, thanks.
  • jonknee 11y ago
    And EPS is one of the big metrics for share prices (the PE ratio uses it for example). It makes sense that if there are less shares they should all be worth more, but EPS is the reason why that is the case.