|Bid||0.00 x 1000|
|Ask||144.50 x 1000|
|Day's Range||137.60 - 139.35|
|52 Week Range||126.85 - 152.95|
|Beta (5Y Monthly)||1.34|
|PE Ratio (TTM)||16.17|
|Earnings Date||Apr 13, 2020 - Apr 19, 2020|
|Forward Dividend & Yield||6.48 (4.69%)|
|Ex-Dividend Date||Nov 05, 2019|
|1y Target Est||146.89|
Yahoo Finance's Alexis Christoforous and Andy Serwer sit down with IBM Senior VP of Global markets Martin Schroeter at the World Economic Forum in Davos, Switzerland.
Yahoo Finance chats with Howard Elias, Dell Technologies president of services and digital, and Annette Clayton, Schneider Electric North America CEO, at the 2020 World Economic Forum in Davos about the outlook for economic growth.
Futures: Stocks held up Tuesday even as China virus fears slammed travel stocks. Netflix subscriber growth and IBM earnings beat, sending both stocks higher late. Tesla just kept rising.
International Business Machines Corp. shares rose in the extended session Tuesday after the technology giant turned in a surprise revenue gain, its first year-over-year sales increase in more than a year.
Over the past few years, Chief Executive Officer Ginni Rometty has been trying to shift the company's focus to the cloud through acquisitions and also by selling some of IBM's legacy businesses. IBM bought Linux maker Red Hat Inc in a $34 billion deal last year, its biggest acquisition so far, in a push to expand its subscription-based software business. Revenue from the cloud business rose 21% to $6.8 billion in the fourth quarter, its largest so far.
International Business Machines (IBM) reported Q4 earnings on Jan 21. It reversed revenue declines, but its legacy business continued to fall.
IBM stock climbed in after-hours trading as the computing giant reported fourth-quarter results that topped Wall Street estimates. The company reported revenue of $21.8 billion.
IBM shares rose 4% in after-hours trading Tuesday following the company’s better-than-expected earnings report. The company also cited progress from Red Hat.
IBM (NYSE: IBM ) shares are trading higher after the company reported better-than-expected fourth-quarter EPS and sales results. The company also issued fiscal year 2020 EPS guidance above analyst estimates. ...
(Bloomberg) -- International Business Machines Corp. reported revenue in the fourth quarter that beat analysts’ estimates, breaking a streak of five consecutive declines as its push into the hybrid cloud market slowly starts to bear fruit. The shares jumped in extended trading.Sales were $21.8 billion in the quarter, up almost 0.1% from the same period a year earlier, the Armonk, New York-based company said in a statement Tuesday. Wall Street had forecast $21.6 billion.The increase stemmed from IBM’s acquisition of Red Hat, which it completed in the third quarter last year, helping boost the cloud and cognitive software division 8.7% from a year earlier. Total cloud revenue was $6.8 billion, the highest ever.Chief Executive Officer Ginni Rometty is hanging the company’s future on the market for hybrid cloud, which allows companies to store data in cloud servers on private and multiple public clouds run by its rivals Amazon Web Services and Microsoft Corp.’s Azure. IBM spent $34 billion in 2018 to acquire Red Hat to help kick this strategy into gear. The company plans to use Red Hat to offer enhanced security services and applications in the hybrid cloud.Red Hat contributed $1 billion in revenue in the quarter ended Dec. 31, but IBM was only allowed to recognize $573 million of that due to U.S. accounting standards. IBM reported earnings excluding some costs of $4.71 a share, beating the average analyst estimate of $4.69. The company said it expects adjusted earnings per share of at least $13.35 for 2020, ahead of Wall Street’s projections for $13.29.Global Technology Services, which represents about 30% of IBM’s overall revenue, continued to decline. The technology consulting unit had revenue of $6.9 billion, which is down 4.8% from the same period last year. Global Business Services also declined, to $4.2 billion -- a 0.6% drop from a year earlier.Once the world leader in technology, IBM has lagged behind rivals for years after largely missing the cloud revolution. “The company has been struggling in a raging bull market for tech stocks,” said Ivan Feinseth, a director of research and analyst at Tigress Financial. “All types of tech companies have been growing expect for IBM.”IBM has long struggled with revenue growth, a factor that has weighed on shares. The stock rose about 4% in extended trading following the report.To contact the reporter on this story: Olivia Carville in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Molly Schuetz at email@example.com, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Wall Street backed away from all-time highs on Tuesday as investors returned from a holiday weekend to face a viral outbreak in China and a downbeat global growth outlook from the International Monetary Fund (IMF). The indexes extended their losses after the Centers for Disease Control and Prevention confirmed the first U.S. case of the coronavirus, which has now killed six people in China. United Airlines was down 5.3%, while Carnival Corp dipped 2.6%.
The latest global economic news, which includes a deadly virus that began in central China. Trump's speech in Davos. Uber news. What to expect from Netflix earnings. And why GoDaddy (GDDY) is a Zacks Rank 1 (Strong Buy) stock right now...
Wall Street's main indexes paused near all-time highs on Tuesday, as concerns about the fallout from a deadly virus outbreak in China and a downbeat growth outlook from the IMF prompted investors to lock in recent gains. The tech-heavy Nasdaq, however, hit a record in late morning trade, helped by positive research recommendations on Tesla Inc and Intel Corp. 71% of the 46 S&P 500 companies that have reported results so far, have topped Wall Street's profit estimates, according to Refinitiv IBES data.
The benchmark S&P 500 slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF prompted investors to lock in recent gains. With the virus spreading just ahead of the Chinese New Year holidays, the S&P 1500 airlines index fell 2.4%. Hotel and casino operators Las Vegas Sands Corp and Wynn Resorts Ltd, both of which have large operations in China, dropped about 5%.
The earnings reporting rush is about to hit, giving investors an early indication of whether the earnings recession continued in the final quarter of 2019.
Soft enterprise spending could set up a big challenge for International Business Machines Inc. in 2020, so how Big Blue spins its forecast for the year will carry a lot of weight when the company reports earnings.