SUBSCRIBE

CATEGORIES

IBM Earnings, Revenue Beat in Q1

imageStock Markets36 minutes ago (Apr 19, 2021 04:15PM ET)

(C) Reuters. IBM Earnings, Revenue Beat in Q1

Investing.com – IBM (NYSE:IBM) reported on Monday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

IBM announced earnings per share of $1.77 on revenue of $17.73B. Analysts polled by Investing.com anticipated EPS of $1.68 on revenue of $17.33B.

IBM shares are up 6% from the beginning of the year, still down 2.66% from its 52 week high of $137.07 set on March 29. They are under-performing the S&P 500 which is up 10.87% from the start of the year.

IBM shares gained 4.27% in after-hours trade following the report.

IBM’s report follows an earnings beat by Taiwan Semiconductor on Thursday, who reported EPS of $0.9497 on revenue of $12.77B, compared to forecasts EPS of $0.9247 on revenue of $12.78B.

Adobe had beat expectations on March 23 with first quarter EPS of $3.14 on revenue of $3.91B, compared to forecast for EPS of $2.79 on revenue of $3.75B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

IBM Earnings, Revenue Beat in Q1

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.