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Telstra printed a buyback and a sell-down at the same hour, and the market read the second
Telstra posted a 12 per cent jump in cash earnings and a A$706 million buyback on 13 August 2026. The shares fell roughly four per cent. The tape had its answer before the transcript did.

Wire provenance
This editorial synthesis draws on the following public wire/social posts:
- https://www.investing.com/news/stock-market-news/why-is-telstra-stock-sliding-today-93CH-4856554
- https://www.investing.com/news/stock-market-news/telstra-fy-profit-rises-slightly-announces-706-mln-buyback-93CH-4856553
- https://www.investing.com/news/company-news/telstra-fy-2026-slides-cash-earnings-surge-12-shares-fall-4-93CH-4856532
- https://www.investing.com/news/transcripts/earnings-call-transcript-telstra-h2-2026-profit-rises-shares-fall-4-93CH-4856525
Source record supplied with this article
- https://www.investing.com/news/stock-market-news/why-is-telstra-stock-sliding-today-93CH-4856554
- https://www.investing.com/news/stock-market-news/telstra-fy-profit-rises-slightly-announces-706-mln-buyback-93CH-4856553
- https://www.investing.com/news/company-news/telstra-fy-2026-slides-cash-earnings-surge-12-shares-fall-4-93CH-4856532
- https://www.investing.com/news/transcripts/earnings-call-transcript-telstra-h2-2026-profit-rises-shares-fall-4-93CH-4856525
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