International Business Machines Corp reports results for the quarter ended December 31 - Earnings Summary

• International Business Machines Corp IBM.N reported quarterly adjusted earnings of $3.92​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $3.87. The mean expectation of eleven analysts for the quarter was for earnings of $3.75 per share. Wall Street expected results to range from $3.69 to $3.78 per share.
• Revenue rose 1% to $17.55 billion from a year ago; analysts expected $17.54 billion.
• International Business Machines Corp's reported EPS for the quarter was $3.09​.
• The company reported quarterly net income of $2.92 billion.
• International Business Machines Corp shares had risen by 2.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​
• In the last 30 days, seven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 9 "hold" and 3 "sell" or "strong sell."
• The average consensus recommendation for the it services & consulting peer group is also "hold"

Wall Street's median 12-month price target for International Business Machines Corp is $228.22

This summary was machine generated from LSEG data January 29 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)