International Business Machines Corporation (NYSE: IBM) said its first-quarter 2022 revenues increased 8%. The results also surpassed experts’ predictions, driving the tech giant’s stock higher on Tuesday evening.
The impressive performance of the company’s key business segments had a positive effect on the top line and revenues increased 8% year-over-year to $14.2 billion in the first quarter. The latest number also exceeded the consensus forecast.
First-quarter adjusted earnings from continuing operations came in at $1.40 per share and topped the estimates. Unadjusted net profit was $733 million or $0.81 per share, compared to last year’s income of $955 million or $1.06 per share.
Check this space to read management/analysts’ comments on IBM’s Q1 2022 earnings
Shares of IBM closed Tuesday’s trading higher and gained further soon after the earnings report. They rose 3.5% in the extended session.
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
