IBM EPS Beats, Sales Miss Second Straight Quarter

By | July 20, 2015

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IBM late Monday posted a mixed Q2 similar to Q1, as earnings per share minus items beat Wall Street expectations, but revenue missed. Big Blue posted Q2 earnings per share minus items of $3.84, down 13% from Q2 2014. Revenue from continuing operations also fell 13%, to $20.8 billion, the 13th straight quarter of year-over-year declines and the biggest percentage decline in that span. Analysts polled by Thomson Reuters had expected EPS ex items of Scalper1 News

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