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

Market news

19 January 2018

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

IBM (IBM) reported Q4 FY 2017 earnings of $5.18 per share (versus $5.01 in Q4 FY 2016), beating analysts' consensus estimate of $5.17.

The company's quarterly revenues amounted to $22.543 bln (+3.6% y/y), beating analysts' consensus estimate of $22.028 bln.

The company also said it expects to report 2018 operating EPS of 'at least $13.80' (flat y/y) versus analysts' consensus estimate of $13.92.

IBM fell to $163.48 (-3.33%) in pre-market trading.

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