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Analysts had forecast IBM would earn $3.78 per share, adjusted for one-time items, on $17.54 billion in sales for its fiscal fourth quarter of 2024. ... , to just $3.09 per share. GAAP earnings ...
The state of IBM. First, investors should realize that taking a $205 billion market cap to $1 trillion in six years will require an average stock price increase of 30% annually for the next six years.
IBM earnings per share of $3.87 beat the $3.76 average of Wall Street estimates, and revenue of $17.4 billion topped the $17.29 billion forecast for the fourth quarter.
Guidance reports estimating a company's future earnings have some influence over analyst stock ratings and investor decisions to buy, hold, or sell the security. [ 1 ] In the United States, a quarterly revenue forecast, or quarterly guidance, by publicly traded companies had become by the 2000s both a common practice (75% of American firms in ...
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IBM stock is down 4% since the end of last year. Microsoft stock is up 36% year-to-date, largely driven by its growing cloud computing lineup, while Nvidia has gained 33% on its deeper penetration ...
IBM's robust Q2 results drove the stock higher, nearly reaching new all-time highs. Big Blue hasn't ventured anywhere near that milestone since 2013. Why IBM Stock Popped After Tuesday's AI-Themed ...