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: 3,990
  • Market Cap: $108,574m

IBM's quarterly income tops expectations

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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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 3,990
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
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% 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
27.66% above the sector average27.66% above the sector average27.66% above the sector average27.66% above the sector average27.66% 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
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IBM Dividends

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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¢

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