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

Market news

18 October 2017

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

IBM (IBM) reported Q3 FY 2017 earnings of $3.30 per share (versus $3.29 in Q3 FY 2016), beating analysts' consensus estimate of $3.28.

The company's quarterly revenues amounted to $19.153 bln (-0.4% y/y), beating analysts' consensus estimate of $18.632 bln.

The company also reaffirmed guidance for FY2017, projecting EPS of at least $13.80 versus analysts' consensus estimate of $13.75.

IBM rose to $155.24 (+5.94%) in pre-market trading.

Canada: Manufacturing Shipments (MoM), August 1.6% (forecast -0.1%)

S&P - we are fairly constructive on Russia rating; decision to upgrade to investment grade or not likely in next 12 months

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