IBM Q4 Adj $3.87 Beats $3.78 Estimate, Sales $17.38B Beat $17.30B Estimate
Portfolio Pulse from Benzinga Newsdesk
IBM reported Q4 adjusted earnings of $3.87 per share, surpassing the consensus estimate of $3.78, and marking a 7.5% increase from the previous year. Quarterly sales reached $17.38 billion, exceeding estimates of $17.30 billion and showing a 4.13% increase year-over-year.
January 24, 2024 | 9:08 pm
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POSITIVE IMPACT
IBM's Q4 earnings and sales exceeded analyst estimates, indicating a positive performance compared to the same period last year.
IBM's reported earnings and sales not only beat the analyst estimates but also showed significant improvement from the previous year. This positive earnings report is likely to instill investor confidence and could lead to a short-term increase in IBM's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100