Investing.com – IBM (NYSE:) announced fourth quarter that beat analysts’ expectations on Tuesday and revenue that topped forecasts.
The company reported earnings per share of $4.71 on revenue of $21.78B. Analysts polled by Investing.com forecast EPS of $4.69 on revenue of $21.64B. That was in comparison with EPS of $4.87 on revenue of $21.76B in the same quarter a year before. IBM had announced EPS of $2.68 on revenue of $18.03B in the prior quarter.
Analysts are expecting EPS of $2.16 and revenue of $18.49B in the upcoming quarter.
IBM stock’s are up 3.77% so far this year , still down 9.06% from its 52 week high of $152.95 set on August 2, 2019.
IBM follows other major Technology sector earnings this month
On Friday, Taiwan Semiconductor reported fourth quarter EPS of $0.75 on revenue of $10.6B, was in comparison to a forecasts for EPS of $0.73 on revenue of $10.5B.
Infosys ADR earnings beat analysts’ expectations on January 10, with third quarter EPS of $0.15 on revenue of $3.24B. Investing.com analysts forecast EPS of $0.14 on revenue of $3.24B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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