In its first-quarter earnings report, IBM surpassed the expectations of analysts. The company reported earnings per share (EPS) of $1.68, exceeding the estimate of $1.58 by $0.10. IBM’s revenue amounted to $14.46 billion, narrowly below the consensus estimate of $14.51 billion.
Over the past three months, IBM’s stock has witnessed a slight decline of 1.82%. However, the company has experienced significant growth in the past year, with its stock price rising by 46.17%. Analysts have expressed optimism about IBM’s future performance, with six positive EPS revisions and only two negative revisions in the last 90 days.
IBM’s recent earnings history and financial performance can be found on investing.com. The company’s financial health score is currently rated as “good performance” by InvestingPro.
To stay up-to-date on the latest earnings reports, visit Investing.com’s earnings calendar.
