Strong software sales and demand for AI services offset consulting weakness and an infrastructure slump. The third-quarter earnings report from International Business Machines (IBM -6.17%) on Wednesday failed to meet expectations. While the bottom line came in ahead of analyst estimates, revenue fell a bit short. IBM stock was down around 7% by lunchtime Thursday. IBM stock has surged over the past year and recently surpassed its decade-old all-time high. It makes sense, then, that investors were expecting ...

IBM's Dividend Trends - IBM has been issuing quarterly dividends since 1913 and has increased its payout per share for 28 consecutive years, a trend expected to continue [1] - The company is likely to raise its dividend in June 2025, as it has done annually since 1995, potentially by a symbolic $0.01 per share, resulting in a full-year payout of $6.71 per share [1] - IBM's free cash flow has been rising, which could lead to a dividend boost of more than $0.01 in 2025 [2] IBM's Financial Position - IBM's total dividend expense for 2025 is estimated to be around $6.2 billion, which is just over half of the expected free cash flow of at least $12 billion for this fiscal year [3] - The company's growing cash profits are making dividend expenses a smaller portion of its overall cash flow [4] IBM's Business Performance - IBM's profits are increasing due to strong software sales and a growing presence in the enterprise-class AI services market [3] - The watsonx generative AI platform has over $3 billion in orders, up from $2 billion three months ago, with most orders being for consulting services rather than software licenses [3]

Is IBM stock's hot streak in danger of fizzling out?International Business Machines (IBM -6.74%) stock is losing ground Thursday on the heels of the company's recent third-quarter report. Big Blue's share price was down 6.6% as of 1:45 p.m. ET.After the market closed yesterday, IBM published third-quarter earnings results. While the company's profit for the period came in ahead of Wall Street's target, sales arrived below expectations.IBM serves up mixed Q3 resultsIBM reported non-GAAP (adjusted) earnings p ...

Shares of IBM IBM tanked in early trading on Thursday, after the company reported downbeat third-quarter revenues.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.Morgan Stanley analyst Erik Woodring maintained an Equal-Weight rating, while lowering the price target from $217 to $208.BMO Capital Markets analyst Keith Bachman reiterated a Market Perform rating, while raising the price target from $235 to $260.Bank of America Securities analyst Wamsi Mohan ...

After the closing bell on Oct. 23, International Business Machines (IBM) reported mixed third-quarter 2024 results. It beat estimates for earnings but lagged the same for revenues. IBM shares slipped as much as 8% in aftermarket hours following the results and tumbled more than 4% in pre-market trade today at the time of writing. ETFs with the highest allocation to this tech giant have been in focus. These funds are First Trust NASDAQ Technology Dividend Index Fund (TDIV) , FT Vest Technology Dividend Targe ...

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in IBM over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking ...

Group 1 - U.S. stock futures showed mixed results, with Nasdaq futures gaining approximately 150 points [1] - International Business Machines Corporation (IBM) reported third-quarter revenue of $14.968 billion, missing the consensus estimate of $15.07 billion, leading to a 5% decline in shares to $221.28 in pre-market trading [1] Group 2 - ICON Public Limited Company (ICLR) shares fell 16.3% to $235.13 following worse-than-expected third-quarter financial results [2] - Garrett Motion Inc. (GTX) shares declined 12.6% to $6.97 due to weak quarterly sales [2] - Beyond, Inc. (BYON) shares dipped 12% to $8.38 after reporting worse-than-expected third-quarter adjusted EPS and sales [2] - Carrier Global Corporation (CARR) shares declined 9.9% to $72.00 following disappointing third-quarter revenues [2] - Spirit Airlines, Inc. (SAVE) shares fell 5.2% to $2.92 after a significant 46% increase on Wednesday [2] - enGene Holdings Inc. (ENGN) shares fell 4.1% to $8.96 in pre-market trading [2]

International Business Machines Corporation (IBM) reported relatively healthy third-quarter 2024 results, with adjusted earnings beating the Zacks Consensus Estimate but the top line missing the same.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company witnessed healthy demand trends for hybrid cloud and artificial intelligence (AI) solutions with a client-focused portfolio and broad-based growth. It remains on track to reach its targets for 2024. However, despite solid AI trac ...

KEY TAKEAWAYSIBM shares are dropping 5% in premarket trading Thursday, weighing on Dow Jones Industrial Average futures, after its quarterly revenue fell short of Wall Street estimates.The company reported third-quarter revenue of $14.97 billion, lower than the $15.07 billion consensus estimate of analysts polled by Visible Alpha, as infrastructure revenue fell 7% and consulting revenue remained flat.IBM CEO Arvind Krishna said the group expects fourth-quarter revenue growth, in constant-currency terms, to ...