InvestorsKeyhole Morning News Leader

IBM rises on third quarter beat

International Business Machines Corporation (IBM) is up 8.2% Wednesday morning. The company reported third-quarter numbers that topped analyst estimates on Tuesday evening. IBM posted adjusted earnings of $3.30 per share, versus the $3.28 estimate. Revenues fell for the 22nd straight quarter to $19.15 billion, but were above the $18.67 billion forecast.

International Business Machines Corporation (IBM) is a diversified technology company.

Abbott Laboratories (ABT) and Northern Trust Corporation (NTRS) top the list of other companies with positive news today, while M&T Bank Corporation (MTB) and Akari Therapeutics, Plc (AKTX) top the list of companies with negative news.

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IBM
About International Business Machines Corporation

IBM is an IT behemoth with an operating history of more than a century. The company's offerings span a range of services, software, and hardware. IBM operates on a global scale, with operations in over 170 countries; it generates a little more than half of its revenue outside the Americas. The company has an entrenched position globally within the largest multinational firms, providing an end-to-end portfolio that helps enterprises plan, build, manage, and maintain IT infrastructure, platforms, applications, and services.

  • Last Price:
    $142.20
  • Previous Close:
    $142.48
  • Change:
    $-0.28 (-0.20%)
  • Open:
    $142.48
  • Volume:
    2,917,804
  • Average Volume (100 Day):
    3,583,282
  • Market Capitalization:
    $126.0 B
  • Day's Range:
    $140.66 - $142.48
  • Dividend Yield:
    4.55%
  • 52-week Range:
    $154 - $105.94
  • P-E:
    13.80
  • EPS:
    $9.68
  • Earnings Date:
    10/15/19
  • Ex Dividend Date:
    8/8/19
  • Sector:
    Technology
  • Industry:
    Information Technology Services
  • Analyst Average Recommendation:
    Moderate Buy

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