IBM (IBM) Tops Q1 EPS by 10c, misses on revenue; offers guidance

IBM (NYSE: IBM) reported Q1 EPS of $1.68, $0.10 better than the analyst estimate of $1.58. Revenue for the quarter came in at $14.46 billion versus the consensus estimate of $14.51 billion.

Full-Year 2024 Expectations

Revenue: The company continues to expect constant currency revenue growth consistent with its mid-single digit model. At current foreign exchange rates, currency is expected to be about a one-and-a-half to two-point headwind to revenue growth
Free cash flow: The company continues to expect about $12 billion in free cash flow

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

You May Also Be Interested In

• State Street (STT) Tops Q3 EPS by 2c
• BlackRock earnings beat sends shares higher premarket
• IBM and Siemens Collaborate on Research to Advance Nanostack Architecture