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

Market news

17 April 2019

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

IBM (IBM) reported Q1 FY 2019 earnings of $2.25 per share (versus $2.45 in Q1 FY 2018), beating analysts’ consensus of $2.24.

The company’s quarterly revenues amounted to $18.182 bln (-4.7% y/y), missing analysts’ consensus estimate of $18.533 bln.

The company also reaffirmed guidance for FY 2019, projecting EPS of at least $13.90 versus analysts’ consensus estimate of $13.92.

IBM fell to $141.21 (-2.71%) in pre-market trading.

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