IBM Earnings beat, Revenue misses In Q4
Investing.com – IBM (NYSE:) reported on Thursday fourth quarter that beat analysts’ forecasts and revenue that fell short of expectations.
IBM announced earnings per share of $2.07 on revenue of $20.37B. Analysts polled by Investing.com anticipated EPS of $1.81 on revenue of $20.64B.
IBM shares are up 4% from the beginning of the year and are trading at $127.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 2.58% from the start of the year.
IBM shares lost 3.66% in after-hours trade the report.
IBM follows other major Technology sector earnings this month
IBM’s report follows an earnings beat by Taiwan Semiconductor on January 14, who reported EPS of $0.9851 on revenue of $12.93B, compared to forecasts EPS of $0.9362 on revenue of $12.85B.
Intel had beat expectations on Thursday with fourth quarter EPS of $1.52 on revenue of $19.98B, compared to forecast for EPS of $1.1 on revenue of $17.45B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.