International Business Machines Corp IBM is reporting its second-quarter earnings on Wednesday. Wall Street expects $2.19 in EPS and $15.6 billion in revenues as the company reports after market hours.
IBM is expected to have recorded higher revenues from the Consulting segment in the second quarter, owing to healthy demand for technology consulting and business transformation services.
IBM is expected to have recorded lower revenues from the Software segment in the second quarter, owing to soft demand in the hybrid platform & solutions business.
Technology stocks have come under pressure lately as the Nasdaq 100 index has dropped for five straight days, reaching its lowest point since June 24th. It has retreated by 5.57% from its highest level this year.
IBM's consulting expertise drives strong partnerships while exploiting a unique business advantage. The company's ethical approach to AI ensures trust and reliability -- another angle you'd think more AI providers would focus on.
Zacks.com users have recently been watching IBM (IBM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
IBM collaborates with the U.S. Agency for International Development to enhance cybersecurity across Europe and Eurasia.
IBM appears to be treading in the middle of the road, and new investors could be better off if they trade with caution.
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 (IBM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Lee and I keep a list of companies we love to hate, and IBM (NYSE: IBM) is a prime example.