Scalper1 News
IBM, challenged by slower growth in its older businesses as it transitions to a new business model, reported mixed fourth-quarter earnings late Tuesday. On the upside, IBM (IBM) reported earnings minus items of $5.81 per share, well above the analyst consensus estimate of $5.41. But EPS fell 6% from the year-earlier period, the second quarter in a row of decelerating earnings. Revenue fell 12% to $24.1 billion, below estimates of $24.76 billion Scalper1 News
Scalper1 News