IBM Q2 2024 Adj EPS $2.43 Beats $2.19 Estimate, Sales $15.800B Beat $15.616B Estimate
Portfolio Pulse from Benzinga Newsdesk
IBM reported Q2 2024 adjusted EPS of $2.43, beating the estimate of $2.19. Sales were $15.800 billion, surpassing the $15.616 billion estimate. This marks a 2.10% increase from the same period last year.
July 24, 2024 | 8:09 pm
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IBM reported strong Q2 2024 earnings with an adjusted EPS of $2.43, beating estimates by 10.96%. Sales also exceeded expectations, coming in at $15.800 billion, a 2.10% increase YoY.
IBM's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. The significant beat on EPS and the sales increase indicate strong performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100