Earnings

IBM Q3 earnings report 2023

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Arvind Krishna, IBM’s chair and CEO, during an interview in New York on May 1, 2023.

Christopher Goodney | Bloomberg | Getty Images

IBM shares rose 1% in extended trading Wednesday after the technology conglomerate announced third-quarter results that exceeded Wall Street estimates.

Here’s how the company did, compared to the consensus among analysts surveyed by LSEG, formerly known as Refinitiv:

  • Earnings per share: $2.20, adjusted vs. $2.13, expected
  • Revenue: $14.75 billion vs. $14.73 billion, expected

IBM’s overall revenue grew 4.6% year over year in the quarter, or 3.5% at constant currency, according to a statement. Net income reached $1.70 billion, or $1.84 per share, compared with a net…



Source cnbc.com

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