Company News: IBM (IBM) quarterly results beat analysts’ estimates

Market news

21 July 2020

Company News: IBM (IBM) quarterly results beat analysts’ estimates

IBM (IBM) reported Q2 FY 2020 earnings of $2.18 per share (versus $3.17 per share in Q2 FY 2019), beating analysts’ consensus estimate of $2.09 per share.

The company’s quarterly revenues amounted to $18.123 bln (-5.4% y/y), beating analysts’ consensus estimate of $17.721 bln.

IBM rose to $133.38 (+5.55%) in pre-market trading.

Donald J. Trump @realDonaldTrump: "Tremendous progress being made on Vaccines and Therapeutics!!!"

Germany's economy minister Altmaier: EU summit deal increases chances that "in the second half we will have a cautious, slow recovery"

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.