IBM stock rallies 5% on earnings beat, outlook
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The company reported fourth-quarter net income of $1.95 billion, or $2.15 a share, compared with a loss of $1.05 billion, or $1.14 a share, in the year-ago period. Adjusted earnings were $4.87 a share. Revenue declined to $21.76 billion from $22.54 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $4.82 a share on revenue of $21.73 billion. For 2019, IBM said it expects adjusted earnings of "at least $13.90" a share, while analysts forecast $13.80.
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https://www.marketwatch.com/story/ibm-st...2019-01-22
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The company reported fourth-quarter net income of $1.95 billion, or $2.15 a share, compared with a loss of $1.05 billion, or $1.14 a share, in the year-ago period. Adjusted earnings were $4.87 a share. Revenue declined to $21.76 billion from $22.54 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $4.82 a share on revenue of $21.73 billion. For 2019, IBM said it expects adjusted earnings of "at least $13.90" a share, while analysts forecast $13.80.
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https://www.marketwatch.com/story/ibm-st...2019-01-22
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