IBM Q3 Sales $14.968B Miss $15.070B Estimate
Portfolio Pulse from Benzinga Newsdesk
IBM reported Q3 sales of $14.968 billion, missing the analyst consensus estimate of $15.070 billion by 0.67%. This represents a 1.46% increase from the same period last year.
October 23, 2024 | 8:08 pm
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IBM's Q3 sales of $14.968 billion missed the analyst estimate of $15.070 billion by 0.67%, but still showed a 1.46% increase from last year.
IBM's sales miss the analyst estimate, which could negatively impact short-term stock prices. However, the year-over-year increase may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100