IBM (IBM) Tops Q4 EPS by 3c, FY19 EPS Guidance Beats Consensus

(Updated - January 22, 2019 4:10 PM EST)

IBM (NYSE: IBM) reported Q4 EPS of $4.87, $0.03 better than the analyst estimate of $4.84. Revenue for the quarter came in at $21.8 billion versus the consensus estimate of $21.75 billion.

GUIDANCE:

IBM sees FY2019 EPS of at least $13.90, versus the consensus of $13.84.

• The company expects GAAP diluted earnings per share of at least $12.45, and operating (non-GAAP) diluted earnings per share of at least $13.90. Operating (non-GAAP) diluted earnings per share exclude $1.45 per share of charges for: amortization of purchased intangible assets and otheracquisition-related charges, including pre-closing charges, such as financing costs, associated with the Red Hat acquisition; retirement-related charges; and tax reform enactment impacts.
• IBM expects free cash flow of approximately $12 billion, with a realization rate of approximately 100 percent of GAAP Net Income.

"In 2018 we returned to full-year revenue growth, reflecting growing demand for our services and leadership solutions in hybrid cloud, AI, analytics and security," said Ginni Rometty, IBM chairman, president and chief executive officer. "Major clients worldwide, such as BNP Paribas, are turning to the IBM Cloud and our unmatched industry expertise to transform their businesses and drive innovation."

For earnings history and earnings-related data on IBM (IBM) click here.

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