International Business Machines Corp. IBM on Monday reported its third quarter 2014 earnings.
IBM reported EPS of $3.68, missing Street estimates by 14.81 percent and reported revenue of $22.4 billion, missing estimates by $970 million.
Following the downbeat earnings, shares of IBM closed Monday’s session down 7.11 percent.
Wells Fargo analysts stated, "we believe its premium valuation relative to peers and inline with S&P 500 limits potential for significant price appreciation relative to the overall market."
Moreover, Bank of America analysts find that IBM shares are fairly priced as well.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.