Top Wall Street Forecasters Revamp IBM Expectations Ahead Of Q1 Earnings - IBM (NYSE:IBM)
- IBM released its first-quarter earnings results on Wednesday.
- Analysts had projected lower earnings per share compared to last year.
- IBM reported adjusted earnings of $1.60 per share.
- Revenue increased 0.6% to $14.54 billion, exceeding expectations.
- Following the report, IBM shares rose in extended trading.
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International Business Machines (NYSE:IBM) Announces Earnings Results, Beats Estimates By $0.18 EPS
International Business Machines (NYSE:IBM - Get Free Report) posted its quarterly earnings results on Wednesday. The technology company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%.
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Leaning Left3Leaning Right4Center13Last UpdatedBias Distribution65% Center
Bias Distribution
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65% Center
15%
C 65%
R 20%
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