IBM (IBM) Tops Q2 EPS by 26c

IBM (NYSE: IBM) reported Q2 EPS of $2.43, $0.26 better than the analyst estimate of $2.17. Revenue for the quarter came in at $15.8 billion versus the consensus estimate of $15.62 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 to two-point headwind to revenue growth
• Free cash flow: The company now expects more than $12 billion in free cash flow

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

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