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IBM (IBM) Grew Revenue For First Time in Nearly Six Years, But Sellers Take Control
January 19, 2018 11:49 AM ESTIBM (NYSE: IBM) shares hit a wind pocket Friday, dropping 3.8%, despite posting its first revenue growth in nearly six years as analysts focused on lackluster guidance.
IBM reported four quarter non-GAAP EPS of $5.18, $0.01 better than the analyst estimate of $5.17. Revenue for the quarter rose 4%, or 1% adjusting for currency, to $22.5 billion versus the consensus estimate of $22.05 billion.
IBM forecasted FY 2018 EPS of "at least" $13.80, compared with $13.80 in 2017 and market expectations of $13.92.
The company's... More
