IBM Post-Earnings Summary: Liking 'IBM Light' - Buy IBM's Pullback, As Old Tech Finds A Bid
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IBM's Q3 2024 earnings report showed positive results, with the software unit achieving a 9.5% revenue increase. Despite this, future EPS estimates for 2025 and 2026 were revised downwards. IBM's stock had been performing well, surpassing its previous all-time high.
November 05, 2024 | 12:30 pm
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IBM's Q3 2024 earnings report was mixed, with strong software revenue growth but negative EPS revisions for 2025 and 2026. The stock had been performing well, reaching a new high.
IBM's strong software revenue growth is a positive indicator, but the negative EPS revisions for 2025 and 2026 could weigh on investor sentiment. The stock's recent performance, reaching a new high, suggests resilience, but the mixed earnings outlook may lead to short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100