Company News: IBM (IBM) Q2 results beat analysts’ expectations

Market news

19 July 2016

Company News: IBM (IBM) Q2 results beat analysts’ expectations

IBM reported Q2 FY 2016 earnings of $2.95 per share (versus $3.84 in Q2 FY 2015), beating analysts' consensus estimate of $2.89.

The company's quarterly revenues amounted to $20.238 bln (-2.8% y/y), beating analysts' consensus estimate of $20.063 bln.

IBM rose to $161.83 (+1.23%) in pre-market trading.

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