IBM (IBM) Tops Q3 EPS by 2c, Affirms Guidance

IBM (NYSE: IBM) reported Q3 EPS of $3.30, $0.02 better than the analyst estimate of $3.28. Revenue for the quarter came in at $19.2 billion versus the consensus estimate of $18.6 billion.

Full-Year 2017 Expectations

The company continues to expect operating (non-GAAP) diluted earnings per share of at least $13.80 and GAAP diluted earnings per share of at least $11.95. Operating (non-GAAP) diluted earnings per share exclude $1.85 per share of charges for amortization of purchased intangible assets, other acquisition-related charges and retirement-related charges. IBM continues to expect free cash flow to be relatively flat year to year.

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

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