S&P 500
7,582.20
+0.03%
Dow Jones
51,018.80
+0.58%
Nasdaq 100
30,344.40
+0.25%
Russell 2000
2,916.31
-0.54%
FTSE 100
10,378.60
-0.32%
Nikkei 225
66,231.90
+0.67%

Apps & Software

IBM’s Earnings Already Priced In (IBM)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published

Invalid Image
International Business Machines Corp. (NYSE: IBM) reported $2.82 EPS and $24.3 billion in revenues.  Thomson Reuters had estimates of $2.75 EPS and $24.12 billion in revenues.

As far as guidance, IBM said 2011 would come in at least $11.40 versus a prior floor of $11.25.  For 2010 the estimates are $11.29 EPS and $98.75 billion in revenues; for 2011 the estimates are $12.37 EPS and $102.46 billion in revenues.

IBM said its services backlog last quarter  $134 billion versus $129 billion just a quarter ago.  The company noted that this was actually down if you adjust for currency and flat over year ago levels.

BRIC countries revenue was up 29%, or 26% adjusting for currency; Business analytics revenue rose 14%; Systems and Technology revenue rose 10%, or 11% for currency adjustment; System z mainframe revenue rose 15%; MIPS rose 54%; Software revenue (excluding divested PLM operations) rose 4% but would have been up 6% adjusting for currency.  Services revenue rose 2 percent

IBM shares closed up 1.25% at $142.83 and shares hit an all-time high of $143.03 today.  Shares are down around $139.00 in the after-hours session for now.  This is just a classic “Sell the news after a big rally” action.

JON C. OGG

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Jon C. Ogg |

Lower Growth at IBM (IBM)

International Business Machines Corp. (NYSE: IBM) has reported its Q2-2010 earnings.  The pro forma numbers were $2.61 EPS and 2%…

Jon C. Ogg |

IBM Posts Big Blue Earnings (IBM)

International Business Machines Corp. (NYSE: IBM) reported earnings after the close.  Big Blue reported earnings growth of 16% with $4.18…

Jon C. Ogg |

IBM Delivers on Earnings and Maintains Long-Term Goals

courtesy of IBMInternational Business Machines Corp. (NYSE: IBM) has reported earnings for its fourth quarter of $5.39 per share before…

Jon C. Ogg |

IBM Corporate Earnings Face Revenue Decline, to Pressure DJIA

courtesy of IBMInternational Business Machines Corp. (NYSE: IBM) reported its corporate earnings for its first quarter. The report came to…

Jon C. Ogg |

IBM Backlog Presides Over Earnings & Guidance (IBM)

International Business Machines Corp. (NYSE: IBM) managed to beat earnings expectations, as most would have expected.  The company reported earnings…

Jon C. Ogg |

IBM Company Earnings Bring Cheers, but Big Blue Has No Real Growth

courtesy of IBMInternational Business Machines Corp. (NYSE: IBM) is the largest DJIA stock by its weighting, and it has just…

IBM Stumbles on Mixed Earnings
Chris Lange |

IBM Stumbles on Mixed Earnings

International Business Machines Corp. (NYSE: IBM) reported its first quarter earnings results after the markets closed on Tuesday. The company…

IBM Slips on Mixed Earnings
Chris Lange |

IBM Slips on Mixed Earnings

International Business Machines Corp. (NYSE: IBM) reported its most recent quarterly results after the markets closed on Tuesday. Big Blue…

Jon C. Ogg |

IBM Earnings to Hinge on Backlog, Strategic Imperatives, Stock Buybacks and Currency

IBM is expected to report third-quarter earnings after the close on Monday. Note that the company uses buybacks and cost…

Top Gaining Stocks

Dell Technologies
DELL • Vol: 42,366,555
NetApp
NTAP • Vol: 15,911,807
ServiceNow
NOW • Vol: 68,243,561
IBM
IBM • Vol: 28,527,546
Hewlett Packard Enterprise
HPE • Vol: 86,996,387

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Clorox
CLX • Vol: 4,744,001
ResMed
RMD • Vol: 3,526,686
Intel
INTC • Vol: 191,680,425
Skyworks Solutions
SWKS • Vol: 5,407,806