IBM (IBM) Tops Q1 EPS by 4c, Maintains Outlook
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EPS Growth %: +16.2%
Financial Fact:
Net income: 2.85B
Today's EPS Names:
SHIM, KOD, HEWA, More
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IBM (NYSE: IBM) reported Q1 EPS of $2.45, $0.04 better than the analyst estimate of $2.41. Revenue for the quarter came in at $19.1 billion versus the consensus estimate of $18.82 billion.
Full-Year 2018 Expectations
The company continues to expect operating (non-GAAP) diluted earnings per share of at least $13.80. The company expects GAAP diluted earnings per share of at least $11.58. Operating (non-GAAP) diluted earnings per share exclude $2.22 per share of charges for amortization of purchased intangible assets, other acquisition-related charges and retirement-related charges as well as ongoing impacts from the enactment of U.S. Tax Reform.
IBM continues to expect free cash flow of approximately $12 billion, with a realization rate greater than 100 percent.
For earnings history and earnings-related data on IBM (IBM) click here.
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