Company News: IBM (IBM) Q4 results beat analysts’ expectations

Market news

20 January 2017

Company News: IBM (IBM) Q4 results beat analysts’ expectations

IBM reported Q4 FY 2016 earnings of $5.01 per share (versus $4.84 in Q4 FY 2015), beating analysts' consensus estimate of $4.88.

The company's quarterly revenues amounted to $21.770 bln (-1.3% y/y), beating analysts' consensus estimate of $21.632 bln.

The company also issued upside guidance for FY 2017, projecting EPS of at least $13.80 versus analysts' consensus estimate of $13.74.

IBM fell to $165.25 (-0.94%) in pre-market trading.

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