146.51 -0.32 (-0.22%)
After hours: 7:01PM EDT
|Bid||0.00 x 0|
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|Day's Range||146.51 - 147.67|
|52 Week Range||139.13 - 182.79|
|PE Ratio (TTM)||12.19|
|Dividend & Yield||6.00 (4.16%)|
|1y Target Est||N/A|
Dow members Goldman Sachs and IBM will be the big earnings highlights on Tuesday during what is a chaotic week for corporate earnings.
IBM - 'Big Blue' - has announced a new regional cross-border blockchain payments solution with a Silicon Valley based partner and blockchain services firm to slash the cost of making global payments for banks and customers. Already live in the Pacific Island region, it is designed to be global.
The consensus estimate looks for IBM to report revenue of $18.6 billion, a 3% drop from the year-ago quarter.
The largest U.S. bank is investing in the blockchain technology behind bitcoin, despite its CEO's criticism of the digital currency.
“I don’t value IBM the same way that I did 6 years ago when I started buying … I’ve revalued it somewhat downward,” Buffett told CNBC. Consider this: Buffett sold approximately 27 million IBM stock shares in the first five months of the year.
The ThinkPad laptop debuted 25 years ago. To celebrate, Lenovo brought the engineer who helped make it to the company's Morrisville Americas headquarters last week. Arimasa Naitoh, Lenovo Fellow and vice president of Lenovo’s PC and Smart Devices business unit, has been called the “father of ThinkPad.” It was under Naitoh’s direction, in a small lab in Japan in the 1990s, that the laptop was born.
IBM's changed focus and strategy have caused its top line to fall 24% in the last five years, and its adjusted earnings per share fell 10%.
IBM's cloud-as-a-service run rate rose 32.0% in constant currency terms and reached an annual run rate of $8.8 billion in 2Q17.
International Business Machines (IBM) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
Applied Materials, DICK's Sporting Goods, Netflix, IBM and United Continental Holdings highlighted as Zacks Bull and Bear of the Day
The American Medical Association is working with IBM Watson and Cerner to bring structure and best practices to patient information and related health data.
IBM's Strategic Imperatives segment's revenues grew 7% on a constant currency basis to reach $8.8 billion in 2Q17.