Categories AlphaGraphs, Earnings, Technology
Earnings: International Business Machines (IBM) Q4 2022 adj. profit rises
International Business Machines Corporation (NYSE: IBM) said its fourth-quarter 2022 revenues remained unchanged year-over-year. Meanwhile, the tech giant’s adjusted earnings increased.
Total revenues came in at $16.69 billion, unchanged from the prior-year period. Fourth-quarter adjusted earnings from continuing operations moved up to $3.60 per share from $3.35 per share in the year-ago period. On an unadjusted basis, the net profit was $2.71 billion or $2.96 per share, compared to $2.33 billion or $2.57 per share last year.
Check this space to read management/analysts’ comments on IBM’s Q4 2022 earnings
“Our solid fourth-quarter performance capped a year in which we grew revenue above our mid-single digit model. Clients in all geographies increasingly embraced our hybrid cloud and AI solutions as technology remains a differentiating force in today’s business environment,” said IBM’s CEO Arvind Krishna.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Key takeaways from Micron’s (MU) first-quarter 2026 results
Micron Technology Inc. (NASDAQ: MU) has reported blockbuster first-quarter results, comfortably beating estimates as strength in data center demand pushed key operating metrics to record levels. Management is now focused
Lennar (LEN) continues to battle a stubbornly difficult housing market
Shares of Lennar Corporation (NYSE: LEN) were down 2% on Thursday. The stock has dropped 17% over the past three months. The homebuilder saw its revenues and profits decline in
DRI Earnings: Darden Restaurants’ Q2 2026 sales and profit rise YoY
Darden Restaurants, Inc. (NYSE: DRI), a leading fine dining restaurant chain, on Thursday reported an increase in sales and adjusted earnings for the second quarter of fiscal 2026. Total sales
