Why IBM Stock Is Trading Higher On Thursday
Portfolio Pulse from Dylan Berman
IBM shares are trading higher after the company reported strong Q2 earnings, beating analyst estimates on both EPS and revenue. The company highlighted growth in software, consulting, infrastructure, and financing revenues, and emphasized strong cash generation and margin expansion.
July 25, 2024 | 2:42 pm
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IBM reported strong Q2 earnings, with adjusted EPS of $2.43 beating estimates of $2.19 and revenue of $15.80 billion surpassing the expected $15.61 billion. The stock is trading higher as a result.
IBM's strong Q2 earnings report, with both EPS and revenue beating analyst estimates, is driving the stock price higher. The company's growth in key segments and strong cash generation are positive indicators for investors.
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