International Business Machines (NYSE: IBM) announced its results for the third quarter on October 17, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.
Earnings and Revenue:
International Business Machines' revenues came in line with Wall Street's expectations, though the company's EPS fell short of predictions. The company reported adjusted net income of $3.28/share versus the $3.22/share estimate and revenues of $26.16 billion versus the $26.27 billion estimate. Revenue climbed 7.8% from the same period last year.
Last quarter marked the third in a row of rising net income. International Business Machines' revenue has grown during each of the past four quarters on a year-over-year basis.
Income:
For the year, International Business Machines reported net income of $12.86/share. The company trumped analyst projections of $12.68 by 1.4%. According to the reported number, the company's income rose 7% from last year's levels.
Conference Call:
The conference call for third quarter earnings can be accessed here.
Official Comment:
"In the third quarter, we drove revenue growth, margin expansion and increased earnings as a result of our innovation-based strategy and continued investment in growth initiatives," said Samuel J. Palmisano, IBM chairman, president and chief executive officer. "Growth markets delivered outstanding revenue performance across software, hardware, and services and contributed to the company's expanded margins. We also achieved strong results in Smarter Planet, business analytics and cloud."
Industry:
International Business Machines' industry, computer-integrated systems, is currently reporting price/earnings growth of 0.9%. With its recently reported EPS, the company is trailing the industry's estimate average by 19.8%.
What to Do Next:
Now you can make a better-informed decision about whether to buy, sell or hold International Business Machines shares until the next earnings announcement. Whatever you do, be sure to check back in with us before the company's next earnings release for a full prep sheet, just like the one we did here.
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