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

Market news

18 April 2018

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

IBM (IBM) reported Q1 FY 2018 earnings of $2.45 per share (versus $2.38 in Q1 FY 2017), beating analysts' consensus estimate of $2.42.

The company's quarterly revenues amounted to $19.072 bln (+5.1% y/y), beating analysts' consensus estimate of $18.803 bln.

The company reaffirmed guidance for FY 2018, projecting EPS of at least $13.80 versus analysts' consensus estimate of $13.84.

IBM fell to $152.75 (-5.07%) in pre-market trading.

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