Some of the top companies are scheduled to report earnings today, and International Business Machines Corporation (NYSE: IBM) is one of them. The tech firm’s stock traded slightly higher in the afternoon, ahead of the announcement.
Listen to IBM’s Q2 2023 earnings call live and read the real-time transcript
IBM will be reporting results for the second quarter of 2023 at 4:10 ET today. Analysts’ consensus estimate is for adjusted earnings of $2.01 per share, compared to $2.31 per share in the year-ago quarter. At $15.57 billion, the top-line forecast is broadly in line with the revenue reported for Q2 2022.
For the first quarter of 2023, IBM reported a 3% decline in adjusted net income to $1.36 per share. Revenues, meanwhile, remained unchanged at $14.3 billion in the March quarter. Growth in the main Software and Consulting businesses was offset by weakness in the infrastructure segment.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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