IBM (IBM) Tops Q3 EPS by 7c

IBM (NYSE: IBM) reported Q3 EPS of $2.20, $0.07 better than the analyst estimate of $2.13. Revenue for the quarter came in at $14.75 billion versus the consensus estimate of $14.75 billion.

Full-Year 2023 Expectations

• Revenue: The company continues to expect constant currency revenue growth of three percent to five percent. At current foreign exchange rates, currency is expected to be about a one-point headwind to revenue growth.
• Free cash flow: The company continues to expect about $10.5 billion in free cash flow, up more than $1 billion year to year.

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

You May Also Be Interested In

• BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
• Freightos Limited (CRGO) Tops Q2 EPS by 3c ; Offers Guidance
• DA Davidson Reiterates Buy Rating on Boost Run (BRUN)