International Business Machines Corporation (NYSE: IBM) said its third-quarter 2022 revenues increased by 6%. The results also surpassed experts’ predictions.
Reflecting strong performance of the key business segments, the company’s total revenues increased 6% year-over-year to $14.1 billion in the third quarter. The latest number also exceeded the consensus forecast.
Third-quarter adjusted earnings from continuing operations dropped 2% annually to $1.81 per share but topped the estimates. On an unadjusted basis, it was a net loss of $3.21 billion or $3.55 per share, compared to a profit of $1.04 billion or $1.14 per share last year.
Check this space to read management/analysts’ comments on IBM’s Q3 2022 earnings
Shares of IBM closed Wednesday’s trading lower but made strong gains in the after-hours soon after the earnings release. In the past six months, the stock lost around 11%.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
