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

IBM (NYSE: IBM) reported Q4 EPS of $4.71, $0.03 better than the analyst estimate of $4.68. Revenue for the quarter came in at $21.8 billion versus the consensus estimate of $21.64 billion.

GUIDANCE:

IBM sees FY2020 EPS of $13.35, versus the consensus of $13.29.

• The company expects GAAP diluted earnings per share of at least $10.57, and operating (non-GAAP) diluted earnings per share of at least $13.35. Operating (non-GAAP) diluted earnings per share excludes $2.78 per share of charges for: amortization of purchased intangible assets and other acquisition-related charges, including pre-closing charges, such as financing costs; retirement-related charges; and tax reform enactment impacts. IBM expects free cash flow of approximately $12.5 billion.

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