Company News: IBM (IBM) Q3 earnings beat analysts’ estimate

Market news

17 October 2018

Company News: IBM (IBM) Q3 earnings beat analysts’ estimate

IBM (IBM) reported Q3 FY 2018 earnings of $3.42 per share (versus $3.30 in Q3 FY 2017), beating analysts' consensus estimate of $3.40.

The company's quarterly revenues amounted to $18.756 bln (-2.1% y/y), missing analysts' consensus estimate of $19.041 bln.

The company also reaffirmed its FY 2018 EPS guidance of 'at least $13.80' versus analysts' consensus estimate of $13.81.

IBM fell to $138.69 (-4.43%) in pre-market trading.

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