IT Services
By Iain Gilbert
Date: Wednesday 17 Jul 2019
LONDON (ShareCast) - (Sharecast News) - IBM shares advanced in extended trading after the tech giant turned in quarterly income estimates ahead of estimates on the Street.
IBM reported second-quarter net income of $2.5bn, or $2.81 per share, ahead of the $2.4bn turned in at the same point a year earlier. Adjusted earnings came to $3.17 a share.
However, revenues slipped from $20bn to $19.16bn - just shy of the $19.17bn forecast by analysts.
IBM said cloud and cognitive services revenue had risen to $5.65bn from $5.47bn - ahead of the $5.55bn predicted by analysts.
Chairman Ginni Rometty said: "n the second quarter, we continued to grow in the high-value areas of the business, led by a strong performance across our Cloud and Cognitive Software segment."
IBM also reiterated its full-year adjusted earnings expectation of "at least" $13.90 per share.
As of 2145 BST, IBM shares had picked up 2.29% in extended trading to $146.35 each.
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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 | 3,990 |
Shares Issued | 912.77m |
Market Cap | $108,574m |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 4 |
Buy | 2 |
Neutral | 10 |
Sell | 2 |
Strong Sell | 1 |
Total | 19 |
Latest | Previous | |
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Q3 | Q2 | |
Ex-Div | 09-Nov-23 | 09-Aug-23 |
Paid | 09-Dec-23 | 09-Sep-23 |
Amount | 166.00¢ | 166.00¢ |
Time | Volume / Share Price |
18:58 | 7 @ $190.89 |
18:57 | 1 @ $190.78 |
18:41 | 0 @ $190.79 |
18:39 | 5 @ $190.91 |
18:36 | 1 @ $190.93 |
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