RBC Capital Cuts Price Target on IBM (IBM) Following 4Q EPS Beat

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Go back to RBC Capital Cuts Price Target on IBM (IBM) Following 4Q EPS Beat

IBM Reports 2015 Fourth-Quarter and Full-Year Results

January 19, 2016 4:06 PM EST

ARMONK, N.Y.--(BUSINESS WIRE)-- IBM (NYSE: IBM)

Fourth-Quarter 2015:

o Diluted EPS from continuing operations:

- Operating (non-GAAP): $4.84, down 17 percent; impact of 20 points from prior year System x divestiture gain;

- GAAP: $4.59, down 17 percent;

o Net income from continuing operations:

- Operating (non-GAAP): $4.7 billion, down 19 percent; impact of 19 points from prior year System x divestiture gain;

- GAAP: $4.5 billion, down 19 percent;

o Revenue from continuing operations: $22.1 billion:

- Down 2 percent adjusting for... More