Tech giant International Business Machines Corporation (NYSE: IBM) is all set to publish its second quarter 2024 operating results today after the closing bell.
Listen to IBM’s Q2 2024 earnings call live and read the real-time transcript
On average, analysts forecast earnings of $2.2 per share for the June quarter, on an adjusted basis, compared to $2.18 per share in the prior-year quarter. Revenues are expected to remain almost unchanged at $15.62 billion.
In the first quarter, IBM reported revenues of $14.46 billion, compared to $14.25 billion in the same period last year. First-quarter adjusted earnings from continuing operations rose to $1.68 per share from $1.36 per share a year earlier.
On an unadjusted basis, the March-quarter net profit was $1.61 billion or $1.72 per share, compared to $927 million or $1.01 per share in the corresponding period last year.
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Broadcom (AVGO) thrives on growing AI business. Is the stock a buy?
Broadcom, Inc. (NASDAQ: AVGO), a leading provider of semiconductor solutions for wired and wireless communications, recently impressed the market with upbeat financial outlook highlighting strong prospects for its AI business
After a weak first half, will NIKE (NKE) hit the recovery path this year?
After a prolonged slowdown, NIKE, Inc. (NYSE: NKE) is working on a turnaround plan to regain the brand’s strength. In recent years, the sneaker giant’s overall performance has not been
Lennar (LEN): Even the best-laid plans can go wrong
Shares of Lennar Corporation (NYSE: LEN) stayed green on Monday. The stock has dropped 25% over the past three months. The homebuilder delivered underwhelming results for the fourth quarter of
