IBM Tops EPS, Sets Optimistic Outlook
Tech giant International Business Machines (NYSE:IBM) reported fourth-quarter and full-year 2024 earnings on Wednesday, Jan. 29 that matched or topped analyst consensus estimates. Adjusted earnings per share (EPS) of $3.92 outperformed analyst expectations of $3.78. However, revenue reached $17.55 billion, slightly missing the estimate of $17.56 billion.
Overall, the software segment's strong performance balanced some difficulties in consulting and infrastructure, marking a challenging yet optimistic quarter for the company.
Source: IBM. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
Source Fool.com
International Business Machines Corp Stock
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