IBM's Q3 Earnings Beat Estimates, Stock Down on Revenue Miss
International Business Machines Corporation IBM reported third-quarter 2020 non-GAAP earnings of $2.58 per share, which surpassed the Zacks Consensus Estimate by 1.2%. However, the bottom line fell 4% on a year-over-year basis.
Revenues of $17.56 billion lagged the Zacks Consensus Estimate by 0.3% and declined 2.6% (as reported) on a year-over-year basis. At constant currency (cc), the top line fell 3.5%. Meanwhile, adjusting for currency and divested businesses, revenues were down 3.1%.
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https://finance.yahoo.com/news/ibms-q3-e...02031.html
International Business Machines Corporation IBM reported third-quarter 2020 non-GAAP earnings of $2.58 per share, which surpassed the Zacks Consensus Estimate by 1.2%. However, the bottom line fell 4% on a year-over-year basis.
Revenues of $17.56 billion lagged the Zacks Consensus Estimate by 0.3% and declined 2.6% (as reported) on a year-over-year basis. At constant currency (cc), the top line fell 3.5%. Meanwhile, adjusting for currency and divested businesses, revenues were down 3.1%.
...
https://finance.yahoo.com/news/ibms-q3-e...02031.html
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