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

Market news

18 July 2019

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

IBM (IBM) reported Q2 FY 2019 earnings of $3.17 per share (versus $3.08 in Q2 FY 2018), beating analysts’ consensus estimate of $3.08.

The company’s quarterly revenues amounted to $19.200 bln (-4.0% y/y), generally in line with analysts’ consensus estimate of $19.201 bln.

The company also reaffirmed FY 2019 EPS guidance of “at least $13.90” versus analysts’ consensus estimate of $13.90.

IBM fell to $141.55 (-1.06%) in pre-market trading.

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