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

Market news

22 January 2020

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

IBM (IBM) reported Q4 FY 2019 earnings of $4.71 per share (versus $4.87 per share in Q4 FY 2018), beating analysts' consensus estimate of $4.69 per share.

The company's quarterly revenues amounted to $21.777 bln (+0.1% y/y), roughly in line with analysts' consensus estimate of $21.622 bln.

The company also issued upside guidance for FY 2020, projecting EPS of at least $13.35 versus analysts' consensus estimate of $13.29.

IBM rose to $144.70 (+3.97%) in pre-market trading.

Company News: Netflix (NFLX) quarterly earnings beat analysts’ estimate

European session review: GBP strengthens after CBI's survey showed a significant improvement in UK manufacturing business optimism

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.