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
Trxade (MEDS) is increasing the breadth of product offerings: CEO Suren Ajjarapu
Trxade Health Inc. (NASDAQ: MEDS) is an online pharmaceutical marketplace that provides a platform for independent pharmacies to operate more effectively. The company’s digital platform helps optimize drug procurement and
AMAT Stock: Is now the right time to invest in Applied Materials?
It is estimated that the size of the global chip manufacturing equipment market would nearly double from the current levels to about $142 billion in the next eight years. Applied
Here’s a look at Take-Two Interactive Software’s (TTWO) expectations for the coming year
Shares of Take-Two Interactive Software (NASDAQ: TTWO) were down over 2% on Friday. The stock has dropped 32% year-to-date and 35% over the past 12 months. Earlier this week, the
