Yahoo Finance IBM Earnings Beat, Revenue Misses In Q2
Investing.com - IBM (NYSE:IBM) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $3.17 on revenue of $19.16B. Analysts polled by Investing.com forecast EPS of $3.08 on revenue of $19.18B. That compared to EPS of $3.08 on revenue of $20B in the same period a year earlier. The company had reported EPS of $2.25 on revenue of $18.18B in the previous quarter.
IBM shares gained 2.79% to trade at $147.08 in after-hours trade following the report.
IBM follows other major Technology sector earnings this month
On June 19, Oracle reported fourth quarter EPS of $1.16 on revenue of $11.14B, compared to forecasts of EPS of $1.07 on revenue of $10.93B.
Adobe earnings beat analysts' expectations on June 18, with second quarter EPS of $1.83 on revenue of $2.74B. Investing.com analysts expected EPS of $1.78 on revenue of $2.7B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
Related Articles
Stocks- Trade Worries Drag Market Lower
Wall St. falls as CSX results point to damage from trade tensions
