IBM Tops Earnings Views, Sees ‘Significant Progress’

By | January 20, 2016

Scalper1 News

IBM reported better-than-expected fourth-quarter earnings after the market close Tuesday, and its CEO said it’s making “significant progress” in a major company transition, but 2016 EPS guidance fell short of analyst expectations. IBM (IBM) reported revenue of $22.06 billion, down 8.5% from the year-earlier quarter but slightly edging the Wall Street consensus estimate of $22 billion. Adjusting for currency exchange rates, IBM said revenue fell Scalper1 News

Scalper1 News