IBM tops Q4 forecasts powered by software growth; cuts 1.5% workforce

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. META
2. TSLA
3. IBM
4. TXN
5. MRNA
6. LVS
7. SAP
8. CSX
9. LRCX
10. MRK

Go back to IBM tops Q4 forecasts powered by software growth; cuts 1.5% workforce

IBM (IBM) earnings provoke's mixed reaction from Wall Street analysts

January 26, 2023 9:45 AM EST

Wall Street analysts provided a mixed reaction to IBM's (NYSE: IBM) latest earnings release, which saw it beat analyst consensus expectations, with profit coming in at $3.60 per share on revenue of $16.7 billion.

Stifel analyst David Grossman cut his price target on IBM to $150 from $158 following the release, stating that the company's stable revenue trend was overshadowed by its... More