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
KBH Earnings: KB Home Q1 profit drops on lower sales, misses estimates
Homebuilder KB Home (NYSE: KBH) on Monday announced financial results for the first quarter of 2025, reporting lower revenues and profit. The bottom line fell short of expectations. First-quarter net
Can Nike (NKE) achieve sustainable growth under new leadership?
Nike, Inc. (NYSE: NKE) is banking on innovations in its product portfolio and improvements in the operating environment to regain strength, while it continues to grapple with multiple headwinds affecting
Here’s how Lennar (LEN) is navigating a challenging macroeconomic environment
Shares of Lennar Corporation (NYSE: LEN) gained over 1% on Monday. The stock has dropped 11% over the past three months. The homebuilder grew its revenues in the first quarter
