Categories AlphaGraphs, Earnings, Technology
Earnings: IBM Q3 2024 adjusted profit rises on higher revenues
International Business Machines Corporation (NYSE: IBM) on Wednesday reported an increase in adjusted earnings and revenues for the third quarter of 2024.
Third-quarter revenues came in at $15.0 billion, compared to $14.75 billion in the corresponding period of 2023. Adjusted earnings from continuing operations were $2.30 per share in Q3, compared to $2.20 per share a year earlier.
On an unadjusted basis, the company reported a net loss of $330 million or $0.36 per share, compared to a profit of $1.70 billion or $1.84 per share in the prior year quarter.
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