IBM Q2 Earnings, Revenue Beat As Transition Continues

By | July 17, 2014

Scalper1 News

IBM late Thursday reported better-than-expected Q2 revenue and earnings, but year-over-year sales fell for the ninth consecutive quarter and IBM stock slipped in after-hours trading. IBM’s (IBM) Q2 revenue of $24.4 billion was down 2% from the year-earlier period, but it still beat analyst consensus estimates of $24.1 billion, as polled by Thomson Reuters. It marked IBM’s first revenue beat in six quarters. The broad-based tech vendor reported Scalper1 News

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