IBM (IBM) Tops Q3 EPS by 2c

IBM (NYSE: IBM) reported Q3 EPS of $1.81, $0.02 better than the analyst estimate of $1.79. Revenue for the quarter came in at $14.11 billion versus the consensus estimate of $13.54 billion.

Full-Year 2022 Expectations:

• Revenue Growth: The company now expects constant currency revenue growth above its mid-single digit model. The company continues to expect an additional contribution of approximately 3.5 points from sales to Kyndryl, concentrated in the first three quarters. At mid-October 2022 foreign exchange rates, currency is expected to be about a seven-point headwind.
• Free Cash Flow: The company continues to expect about $10 billion in consolidated free cash flow.

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

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• KULR Technology Group (KULR) Misses Q2 EPS by 39c
• Laird Superfood, Inc. (LSF) Misses Q2 EPS by 22c ; Offers Guidance