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IBM (IBM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-10-23 23:01
IBM (IBM) reported $14.97 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 1.5%. EPS of $2.30 for the same period compares to $2.20 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $15.19 billion, representing a surprise of -1.46%. The company delivered an EPS surprise of +1.32%, with the consensus EPS estimate being $2.27.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...
IBM (IBM) Tops Q3 Earnings Estimates
ZACKS· 2024-10-23 22:16
IBM (IBM) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.32%. A quarter ago, it was expected that this technology and consulting company would post earnings of $2.16 per share when it actually produced earnings of $2.43, delivering a surprise of 12.50%.Over the last four quarters, ...
IBM's software surge can't offset consulting revenue decline in Q3
Proactiveinvestors NA· 2024-10-23 20:34
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
IBM stock slips on disappointing consulting and infrastructure revenue
CNBC· 2024-10-23 20:12
IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.IBM shares moved 5% lower in extended trading on Wednesday after the hardware, software and consulting provider fell short of Wall Street's revenue expectations for the third quarter.Here's how the company did in comparison with LSEG's consensus:Earnings per share: $2.30 adjusted vs. $2.23 expectedRevenue: $14.97 billion vs. $15.07 billion expectedIBM's overall revenue increased 1.5% year over year, according ...
IBM(IBM) - 2024 Q3 - Quarterly Results
2024-10-23 20:12
Exhibit 99.1 (1) IBM RELEASES THIRD-QUARTER RESULTS Accelerated Software revenue growth, expanded gross profit margin, and strong free cash flow ARMONK, N.Y., October 23, 2024 . . . IBM (NYSE: IBM) today announced third-quarter 2024 earnings results. "Our third-quarter performance was led by double-digit growth in Software, including a re-acceleration in Red Hat. We continue to see great momentum in AI as our models are trusted, fit-for-purpose, and lower cost, with performance leadership. Our generative AI ...
IBM RELEASES THIRD-QUARTER RESULTS
Prnewswire· 2024-10-23 20:08
Accelerated Software revenue growth, expanded gross profit margin, and strong free cash flowARMONK, N.Y., Oct. 23, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced third-quarter 2024 earnings results."Our third-quarter performance was led by double-digit growth in Software, including a re-acceleration in Red Hat. We continue to see great momentum in AI as our models are trusted, fit-for-purpose, and lower cost, with performance leadership. Our generative AI book of business now stands at more than $3 bi ...
Earnings Preview: What To Expect From IBM
Forbes· 2024-10-23 17:40
CHICAGO - MAY 10: An IBM sign stands outside an IBM building May 10, 2005 in downtown Chicago, ... [+] Illinois. IBM has recently announced job cuts in its European operation of 10,000 to 13,000 workers, mainly in Britain, France, Germany and Italy. (Photo by Tim Boyle/Getty Images)Getty ImagesIBM Inc. scheduled to report earnings after Wednesday’s close. The stock just hit a record high near $237/share and is currently trading near that level. The stock is prone to big moves after reporting earnings and ca ...
IBM Stock Offers A Whole Lot Of Nothing Going Into Earnings
Seeking Alpha· 2024-10-22 13:40
International Business Machines (NYSE: IBM ), also known as IBM, has roughly doubled in price since its October 2023 low. Does this valuation surge make sense? Not really. In my view, IBM is a solid company, but the stock offers investors a wholeI objectively search for undervalued stocks of any size across a wide variety of industries using quantitative methods that I've thoroughly backtested for success. I believe the numbers are more important than the story (most of the time), as they tend to paint a mo ...
IBM Advances Secure AI, Quantum Safe Technology with IBM Guardium Data Security Center
Prnewswire· 2024-10-22 12:00
IBM Guardium Data Security Center provides unified, SaaS-first data security capabilities amid hybrid cloud, AI, and quantum transformationNew software part of IBM's comprehensive approach for protecting hybrid cloud and AIARMONK, N.Y., Oct. 22, 2024 /PRNewswire/ -- As hybrid cloud-, AI-, and quantum-related risks upend the traditional data security paradigm, IBM (NYSE: IBM) is launching IBM Guardium Data Security Center – allowing organizations to protect data in any environment, throughout its full lifecy ...
IBM Thinks Small to Win Enterprise AI
The Motley Fool· 2024-10-22 10:00
The tech giant's quick, cost-efficient AI models can be fine-tuned with enterprise data to produce impressive results. International Business Machines (IBM -0.19%) has been working on artificial intelligence (AI) technology for decades, but the company is only now finding its footing and turning AI into a viable business. IBM's main focus is enabling large enterprises to leverage generative AI to boost productivity and unlock efficiencies. That's a powerful pitch, given that large investments in AI often ha ...