INTERNATIONAL BUSINESS MACHINES CORPORATION COM STK USD0.20 (CDI) (IBM)

Sector:

IT Services

$ 118.95
   
  • Change Today:
    $0.00
  • 52 Week High: $191.8
  • 52 Week Low: $118.9
  • Currency: US Dollars
  • Shares Issued: 912.77m
  • Volume: 3,995
  • Market Cap: $108,574m

IBM cheers market as results narrowly beat expectations

By Abigail Townsend

Date: Wednesday 23 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Shares in IBM jumped in pre-market trading on Wednesday after the US firm beat quarterly earnings estimates.
The firm, which is refocusing away from traditional hardware products towards faster-growing, higher-margin segments like cloud services, said full-year revenues were ahead 1% at $79.6bn or flat allowing for currency fluctuations. Adjusted earnings per share were 1% higher at $13.81.

Chief executive Ginni Rometty, who took over the top job in 2012, said: "In 2018 we returned to full-year revenue growth, reflecting growing demand for our services and leadership solutions in hybrid cloud, AI, analytics and security."

Fourth-quarter revenues dropped 3% to $21.76bn, or 1% allowing for currency fluctuations, though they still managed to narrowly beat expectations. Adjusted earnings per share were $4.87, down 5% year-on-year but around 3 cents higher than most analyst forecasts.

IBM, which last year agreed to acquire US software firm Red Hat for a record $34bn, also struck a cautiously upbeat tone for the current year. It has forecast full-year adjusted earnings per share of $13.90 and free cash flow of around $12bn.

Shares in IBM gained 6% in pre-market trading and were expected to continue improving after the bell.

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IBM Market Data

Currency US Dollars
Share Price $ 118.95
Change Today $ 0.00
% Change 0.00 %
52 Week High $191.8
52 Week Low $118.9
Volume 3,995
Shares Issued 912.77m
Market Cap $108,574m

IBM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.85% below the market average38.85% below the market average38.85% below the market average38.85% below the market average38.85% below the market average
85.88% above the sector average85.88% above the sector average85.88% above the sector average85.88% above the sector average85.88% above the sector average
Price Trend
22.98% below the market average22.98% below the market average22.98% below the market average22.98% below the market average22.98% below the market average
21.28% above the sector average21.28% above the sector average21.28% above the sector average21.28% above the sector average21.28% above the sector average
Income
67.83% below the market average67.83% below the market average67.83% below the market average67.83% below the market average67.83% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
49.56% below the market average49.56% below the market average49.56% below the market average49.56% below the market average49.56% below the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 10
Sell 2
Strong Sell 1
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IBM Dividends

  Latest Previous
  Q3 Q2
Ex-Div 09-Nov-23 09-Aug-23
Paid 09-Dec-23 09-Sep-23
Amount 166.00¢ 166.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
19:12 0 @ $190.83
19:12 0 @ $190.83
19:12 0 @ $190.83
19:12 1 @ $190.83
19:12 0 @ $190.83

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