IBM reported second-quarter earnings of $1.33 billion

International Business Machines Corp. (IBM) on Monday reported second-quarter earnings of $1.33 billion.

On a per-share basis, the Armonk, New York-based company said it had net income of $1.47. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $2.33 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.

The technology and consulting company posted revenue of $18.75 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $18.24 billion.

IBM shares have increased almost 10% since the beginning of the year, while the S&P’s 500 index has climbed 13%. In the final minutes of trading on Monday, shares hit $137.97, a rise of 10% in the last 12 months.

Original Article – Fox Business

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
New Market Highs - Protect Your Gains

Protect Yourself From Another Crash

How to protect profits against another crash 


Without A Plan, You Will Fail
Take your trading to the next level with your personalized plan

The Trading Plan Worksheets

>> We'll send you the entire set of worksheets for creating your own profitable trading plan.

  • Create a plan that reflects your personal values and vision - stop building someone else's dream!
  • Keep track of successes and failures. This is the ONLY way to get future success and minimize losses.  
  • Define your personal risk so you know how much to trade and when to pull the trigger on both sides of the trade.