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

Market news

17 October 2019

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

IBM (IBM) reported Q3 FY 2019 earnings of $2.68 per share (versus $3.42 in Q3 FY 2018), beating analysts’ consensus estimate of $2.66.

The company’s quarterly revenues amounted to $18.028 bln (-3.9% y/y), missing analysts’ consensus estimate of $18.286 bln.

The company also reaffirmed FY 2019 EPS guidance of $12.80 versus analysts’ consensus estimate of $12.81.

IBM fell to $135.16 (-4.89%) in pre-market trading.

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