Categories AlphaGraphs, Earnings, Technology
IBM Earnings: Q4 profit rises on 6.5% revenue growth, beats estimates
Tech giant IBM Corp. (NYSE: IBM) on Monday said its fourth-quarter revenues and profit increased as demand conditions improved. The results also surpassed experts’ predictions.
An impressive performance by the main business segments had a positive effect on the top-line and the company’s revenues increased 6.5% to $16.7 billion in the fourth quarter, which was above the consensus forecast.
Consequently, fourth-quarter adjusted earnings from continuing operations moved up to $3.35 per share from $1.88 per share in the same period of fiscal 2020, and topped the estimates. Net profit was $2.33 billion or $2.57 per share, up from last year’s income of $1.36 billion or $1.51 per share.
Read management/analysts’ comments on IBM’s Q4 2021 earnings
Shares of IBM closed Monday’s trading lower but gained momentum soon after the earnings report and rose about 5% in the extended session.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and