Company News: IBM (IBM) Q3 results beat analysts’ expectations

Market news

18 October 2016

Company News: IBM (IBM) Q3 results beat analysts’ expectations

IBM reported Q3 FY 2016 earnings of $3.29 per share (versus $3.34 in Q3 FY 2015), beating analysts' consensus estimate of $3.23.

The company's quarterly revenues amounted to $19.226 bln (-0.3% y/y), beating analysts' consensus estimate of $19.011 bln.

The company reaffirmed guidance for FY2016, projecting EPS of at least $13.50, versus analysts' consensus of $13.51.

IBM fell to $150.80 (-2.57%) in pre-market trading.

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