IBM earnings Q3 2022


IBM beats on earnings and revenue, hikes full-year revenue outlook

IBM shares rose as much as 6% in extended trading on Wednesday after the technology conglomerate surpassed analysts’ estimates for the third quarter and lifted its growth projection for the full year.

Here’s how the company did:

  • Earnings: $1.81 per share, adjusted, vs. $1.77 per share as expected by analysts, according to Refinitiv.
  • Revenue: $14.11 billion, vs. $13.51 billion as expected by analysts, according to Refinitiv.

Revenue increased 6.5% from a year earlier, according to a statement.

“With our year-to-date performance, we now expect full-year revenue growth above our mid-single digit model,” CEO Arvind Krishna said in the statement. In July the company said it had expected growth at…

Source cnbc.com

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