IBM Q2 EPS $2.18 Beats $2.01 Estimate, Sales $15.47B Miss $15.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
IBM reported Q2 earnings of $2.18 per share, beating the analyst consensus estimate of $2.01 by 8.46%. However, the company's quarterly sales of $15.47 billion missed the analyst consensus estimate of $15.57 billion by 0.61%. This represents a 5.63% decrease in earnings and a 0.39% decrease in sales compared to the same period last year.
July 19, 2023 | 8:09 pm
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NEUTRAL IMPACT
IBM's Q2 earnings beat estimates but sales fell short. This mixed result could lead to uncertainty in the market.
IBM's earnings beat estimates, which is positive for the stock. However, the miss on sales could offset this positive impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100