IBM reported fourth-quarter earnings on Wednesday that topped Wall Street expectations for earnings and revenue. The shares rose in extended trading.
Shares of International Business Machines Inc. rallied after hours on Wednesday after the tech-infrastructure provider reported a quarterly per-share profit that beat expectations.
IBM surpassed analysts' estimates for fourth-quarter profit on Wednesday, driven by demand in its high-margin software unit as businesses ramped up IT spending, sending its shares soaring about 10% in extended trading.
International Business Machines Corp IBM will be reporting its fourth-quarter earnings on Wednesday. Wall Street expects $3.75 in EPS and $17.54 billion in revenues as the company reports after market hours.
IBM is likely to have gained from the Software segment backed by product innovation, strategic acquisition and healthy AI traction.
IBM is expected to report higher revenues from the Consulting segment backed by innovative product launches and healthy demand trends.
International Business Machines (IBM -0.19%) is set to report its fourth-quarter results after the market closes on Wednesday, Jan. 29. IBM stock has surged 65% over the past three years as the company spun off a big low-growth business and settled into a strategy focused on hybrid-cloud and AI platforms.
IBM is scheduled to report their Q4 '24 earnings on Wednesday, January 29th, 2025. Sell-side consensus is expecting $3.75 in earnings per share on $17.45 billion in revenue for an expected y-o-y decline of 3% in EPS on flat or zero revenue growth y-o-y. The company is also expecting $4.29 billion in operating income, which would actually be 14% y-o-y growth for that key metric.
International Business Machines (IBM -0.55%) has redefined itself as a cloud and artificial intelligence (AI) company. Its role in fostering a hybrid cloud and its watsonx AI have again made it a company to watch in the technology space.
IBM (IBM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
IBM collaborates with e& to launch a cutting-edge, end-to-end, multi-model Generative AI governance solution.
With declining earnings estimates, IBM is witnessing a negative investor perception and it might be prudent to avoid the stock at the moment.