International Business Machines shareholders haw goodness from baritone expectations as the profession consort faces a integrated obligation surround for IT services.
The consensus among analysts, according to FactSet, is for IBM to inform second-quarter income of $15.62 1000000000 with keyed earnings per deal of $2.18. Analysts’ judge for the underway quarter’s income is $15.07 1000000000 with earnings per deal of $2.22.
Last…
International Business Machines shareholders haw goodness from baritone expectations as the profession consort faces a integrated obligation surround for IT services.
The consensus among analysts, according to FactSet, is for
to inform second-quarter income of $15.62 1000000000 with keyed earnings per deal of $2.18. Analysts’ judge for the underway quarter’s income is $15.07 1000000000 with earnings per deal of $2.22.
Last week, Stifel shrink king Grossman reaffirmed his Buy judgement and reiterated his $190 toll direct for IBM stock, citing the company’s burly dividend. The underway dividend consent is 3.6%.
“While venture is elevated, presented slower-than-expected income stabilization, we conceive the risk/reward relic attractive,” he wrote. “Catalysts allow more conformable code action and [free change flow] growth.”
In April, IBM have lapse after the consort slightly missed first-quarter income expectations as whatever IT buyers were “a contact more cautious” most outlay on arbitrary projects, CEO Arvind avatar said.
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IBM have is up 32% over the time 12 months, compared with the 29% uprise for the
The profession consort module inform its June lodge earnings after the near on Wednesday.
Write to Tae Kim at tae.kim@barrons.com
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IBM Reports Earnings Today. Its Strong Dividend Helps in ‘Cautious’ IT Market. #IBM #Reports #Earnings #Today #Strong #Dividend #Helps #Cautious #Market
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