Yahoo Finance’s Brian Sozzi, Myles Udland, and Julie Hyman break down the earnings reports for Procter & Gamble, IBM, United Airlines, and Philip Morris.
"Strong performance this quarter in cloud, driven by increasing client adoption of our hybrid cloud platform, and growth in software and consulting enabled us to get off to a solid start for the year," CEO Arvind Krishna said in a press release. It produced adjusted free cash flow of $2.2 billion in the first quarter, which allowed it to reward shareholders with $1.5 billion in dividends. Management also signaled that the company's cash flow generation will remain strong, with its guidance for adjusted free cash flow of $11 billion to $12 billion.
Apr.20 -- IBM has it's best sales gain in three years as it bets heavily on the hybrid cloud. Ritika Gupta discusses the stock of the hour on "Bloomberg Markets."