Categories AlphaGraphs, Earnings, Technology
IBM Earnings: Q4 profit rises on 6.5% revenue growth, beats estimates
Tech giant IBM Corp. (NYSE: IBM) on Monday said its fourth-quarter revenues and profit increased as demand conditions improved. The results also surpassed experts’ predictions.
An impressive performance by the main business segments had a positive effect on the top-line and the company’s revenues increased 6.5% to $16.7 billion in the fourth quarter, which was above the consensus forecast.
Consequently, fourth-quarter adjusted earnings from continuing operations moved up to $3.35 per share from $1.88 per share in the same period of fiscal 2020, and topped the estimates. Net profit was $2.33 billion or $2.57 per share, up from last year’s income of $1.36 billion or $1.51 per share.
Read management/analysts’ comments on IBM’s Q4 2021 earnings
Shares of IBM closed Monday’s trading lower but gained momentum soon after the earnings report and rose about 5% in the extended session.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
