Revenue was better than expected, but management's outlook for free cash flow was slightly disappointing...
Continue ReadingYahoo Finance Live's Dave Briggs and Seana Smith look at several stocks trending in the after-hours trading session...
Continue ReadingIBM stock sank late Wednesday, though the technology mainstay beat Wall Street's fourth-quarter expectations. During the December period, IBM earned $3.60 per share, minus some items, on $16.69 billion in sales...
Continue ReadingInternational Business Machines Corp. increased sales more than 6% in 2022, the biggest sales increase for Big Blue in more than a decade, but its stock fell slightly Wednesday. IBM (IBM) reported fourth-quarter earnings of $2.71 billion, or $3.13 a share, on revenue of $16.7 billion, in line with about $16.7 billion in the same quarter a year ago. Analysts on average expected adjusted earnings of $3.59 a share on revenue of $16.15 billion, according to FactSet...
Continue ReadingFuturum Research Principal Analyst Daniel Newman joins Yahoo Finance Live to discuss IBM earnings, margins, and job cuts...
Continue ReadingInternational Business Machines Corp will cut 3,900 roles, or about 1.5% of its global workforce, its chief financial officer, James Kavanaugh, told Bloomberg News in an interview on Wednesday...
Continue ReadingYahoo Finance’s Ines Ferre breaks down fourth-quarter earnings for IBM...
Continue ReadingIBM Corp on Wednesday reported its highest annual revenue growth in a decade and beat Wall Street expectations for the fourth quarter as more businesses looked to optimize their operations and save costs amid an economic downturn. The IT software and consulting company also forecast annual revenue growth in the mid-single digits on constant currency terms, weaker than the 12% it reported for 2022 but in line with mid-term targets announced in 2021. Big Blue's forecast for slower growth comes after a boom over the pandemic when companies splurged on digitizing their operations...
Continue ReadingIBM (NYSE: IBM) today announced fourth-quarter 2022 earnings results...
Continue ReadingInternational Business Machines Corporation (NYSE:NYSE:IBM) Q4 2022 Earnings Conference Call January 25, 2023 5:00 PM ETCompany ParticipantsPatricia Murphy - Vice President, Investor.....
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