IBM Posts 13% Earnings Gain, Raises Guidance

Tuesday Jul 20th 2010 by Staff

Earnings beat estimates, but revenue fell short of predictions.

InformationWeek: IBM has reported quarterly earnings per share of $2.61, up 12.5 percent from the previous year. Total revenue came in at $23.72 billion, up 2 percent from the previous year, but short of the $24.17 billion analysts predicted. All of the company's major product lines showed growth, and Asia-Pacific sales were particularly strong.

Because the company expects the growth to continue, it has raised its guidance for annual earnings per share to $11.25, up from $11.20.

Mobile Site | Full Site
Copyright 2017 © QuinStreet Inc. All Rights Reserved