IBM IBM shares are trading higher after the company reported better-than-expected fourth-quarter EPS and sales results. The company also issued fiscal year 2020 EPS guidance above analyst estimates.
IBM reported adjusted quarterly earnings of $4.71 per share, which beat the analyst consensus estimate of $4.68. This is a 3.29% decrease over earnings of $4.87 per share from the same period last year.
Related Link: IBM, Walmart, Merck Included In FDA Program To Test Blockchain Usage In US Drug Supply Chain
The company reported quarterly sales of $21.8 billion, which beat the analyst consensus estimate of $21.64 billion. This is a 0.18% increase over sales of $21.76 billion the same period last year.
IBM sees adjusted 2020 earnings of $13.35 per share, which is ahead of the $13.29 estimate.
IBM shares were trading higher by 4.4% at $145.25 in Tuesday's after-hours session.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.