International Business Machines Corp. Q2 adjusted earnings Beat Estimates
International Business Machines Corp. (IBM) announced earnings for its second quarter that climbed from the same period last year.
The company’s bottom line came in at $2.40 billion, or $2.61 per share. This compares with $2.33 billion, or $2.48 per share, in last year’s second quarter.
Excluding items, International Business Machines Corp. reported adjusted earnings of $2.83 billion or $3.08 per share for the period.
Analysts had expected the company to earn $3.04 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 3.7% to $20.00 billion from $19.29 billion last year.
International Business Machines Corp. earnings at a glance:
-Earnings (Q2): $2.83 Bln. vs. $2.76 Bln. last year.
-EPS (Q2): $3.08 vs. $2.94 last year.
-Analysts Estimate: $3.04
-Revenue (Q2): $20.00 Bln vs. $19.29 Bln last year.
Full year EPS guidance: $13.80
by RTTNews Staff Writer
Source: Read Full Article