Company News: IBM (IBM) posts Q4 earnings above analysts' forecasts; issues downside guidance for FY 2016

Market news

20 January 2016

Company News: IBM (IBM) posts Q4 earnings above analysts' forecasts; issues downside guidance for FY 2016

IBM reported Q4 FY 2015 earnings of $4.84 per share (versus $5.81 in Q4 FY 2014), beating analysts' consensus of $4.81.

The company's quarterly revenues amounted to $22.059 bln (-8.50% y/y), generally inline with consensus estimate of $22.093 bln.

IBM issued downside guidance for FY 2016, projecting EPS of at least $13.50, well below analysts' consensus estimate of $15.06. The company expects its financials will be negatively impacted by a strong US dollar.

IBM fell to $122.07 (-4.71%) in pre-market trading.

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