IBM Beats Street. Share Rises
Q4 earnings of IBM Corp. came above than expectation. In a
report earlier today, IBM earned $5.49 billion ($4.62 per share) in Q4 that
ended Dec. 31. Adjusted earnings were $4.71 per share, handily surpassing
analysts' expectations, though revenue fell short. IBM said its revenue grew 2
percent to $29.49 billion from $29.02 billion.
Analysts were expecting adjusted earnings of $4.61 per share
and revenue of $29.7 billion.
For the full year, IBM is forecasting adjusted earnings of
at least $14.85 per share, well above the $13.36 per share that analysts are
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