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

Market news

20 April 2021

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

IBM (IBM) reported Q1 FY 2021 earnings of $1.77 per share (versus $1.84 per share in Q1 FY 2020), beating analysts’ consensus estimate of $1.62 per share.

The company’s quarterly revenues amounted to $17.730 bln (+0.9% y/y), beating analysts’ consensus estimate of $17.354 bln.

IBM rose to $137.05 (+2.95%) in pre-market trading.

EUR/GBP to eventually move lower again towards the 0.83 mark - Danske Bank

USD/JPY to turn lower with support seen at 107.82/77 - Credit Suisse

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