IBM Reports 2021 Third-Quarter Results
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IBM (IBM) PT Lowered to $153 at BMO Capital
October 21, 2021 7:39 AM EDTBMO Capital analyst Keith Bachman lowered the price target on IBM (NYSE: IBM) to $153.00 (from $155.00) while maintaining a Market Perform rating.
The analyst commented, "We view the quarter as mixed. Cognitive revenue was weaker and we still struggle supporting guidance that... More
IBM (IBM) Stock Plunges 5% on Sales Miss, Q3 Results Seen as a Setback
October 21, 2021 6:57 AM EDTShares of IBM (NYSE: IBM) are down 5% in pre-open Thursday after the company reported lower-than-expected sales for its third quarter.
IBM reported Q3 EPS of $2.52, slightly ahead of the analyst estimate of $2.50. Revenue for the quarter came in at $17.6 billion versus the consensus estimate of $17.77 billion.
With the separation of Kyndryl early next month, IBM takes the next step in our evolution as a platform-centric hybrid cloud and AI company," said Arvind Krishna, IBM chairman and chief executive officer.
We continue to make progress in our software and consulting... More
IBM (IBM) Tops Q3 EPS by 2c, Revenue Misses
October 20, 2021 4:09 PM EDTIBM (NYSE: IBM) reported Q3 EPS of $2.52, $0.02 better than the analyst estimate of $2.50. Revenue for the quarter came in at $17.6 billion versus the consensus estimate of $17.77 billion.
For earnings history and earnings-related data on IBM (IBM) click here.
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