IBM (IBM) Tops Q1 EPS by 5c, Withdraws FY20 Guidance

IBM (NYSE: IBM) reported Q1 EPS of $1.84, $0.05 better than the analyst estimate of $1.79. Revenue for the quarter came in at $17.6 billion versus the consensus estimate of $17.62 billion.

• IBM is withdrawing its full-year 2020 guidance in light of the current COVID-19 crisis. The company will reassess this position based on the clarity of the macroeconomic recovery at the end of the second quarter.

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