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MarketScreener Homepage  >  Equities  >  Nyse  >  International Business Machines Corporation    IBM

INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
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International Business Machines : IBM Sees 3Q Profit, Sales in Line With Street Views

10/08/2020 | 07:02am EST

By Colin Kellaher

International Business Machines Corp. Thursday said it will post third-quarter revenue and earnings roughly in line with Wall Street's expectations as the tech giant unveiled plans to split into two publicly traded companies.

IBM said it expects to report adjusted earnings of $2.58 a share on revenue of $17.6 billion for the quarter.

Analysts polled by FactSet, on average, are expecting an adjusted profit of $2.58 a share on sales of $17.54 billion.

IBM said it will report its full third-quarter results as planned later this month.

The Armonk, N.Y., company Thursday said it plans to focus on hybrid cloud growth and spin off the managed infrastructure services unit of its global technology services division into a new public company.

Shares of IBM, which closed Wednesday at $124.07, rose 4.6% in premarket trading Thursday.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

10-08-20 0701ET

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Financials (USD)
Sales 2020 73 927 M - -
Net income 2020 5 417 M - -
Net Debt 2020 50 627 M - -
P/E ratio 2020 19,9x
Yield 2020 5,41%
Capitalization 107 B 107 B -
EV / Sales 2020 2,13x
EV / Sales 2021 2,07x
Nbr of Employees 352 600
Free-Float 39,7%
Chart INTERNATIONAL BUSINESS MACHINES CORPORATION
Duration : Period :
International Business Machines Corporation Technical Analysis Chart | IBM | US4592001014 | MarketScreener
Technical analysis trends INTERNATIONAL BUSINESS MACHINES CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 137,50 $
Last Close Price 120,09 $
Spread / Highest target 33,2%
Spread / Average Target 14,5%
Spread / Lowest Target -2,57%
EPS Revisions
Managers
NameTitle
Arvind Krishna Chief Executive Officer & Director
James M. Whitehurst President, Head-Strategy, Cloud & Cognitive
Virginia M. Rometty Executive Chairman
James J. Kavanaugh Chief Financial Officer & Senior Vice President
Juan Antonio Zufiria Senior VP-IBM Global Technology Services
Sector and Competitors
1st jan.Capitalization (M$)
INTERNATIONAL BUSINESS MACHINES CORPORATION-10.41%107 007
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TATA CONSULTANCY SERVICES26.02%137 661
AUTOMATIC DATA PROCESSING, INC.0.45%73 782
INFOSYS LIMITED55.90%65 123
VMWARE, INC.-1.88%62 095