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
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
