On average, analysts forecast earnings of $3.78 per share for the December quarter, on an adjusted basis, compared to $3.87 per share in the prior-year period. Revenues are expected to increase modestly to $17.54 billion.
For the third quarter of 2024, IBM reported revenues of $15.0 billion, compared to $14.75 billion in the corresponding period of 2023. Adjusted earnings from continuing operations were $2.30 per share in Q3, compared to $2.20 per share a year earlier.
On an unadjusted basis, the company posted a net loss of $330 million or $0.36 per share for the September quarter, compared to a profit of $1.70 billion or $1.84 per share in the prior year quarter.
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