IBM Beat Market Earnings Expectations For Their Second Quarter
Aa
Share
Summary:
- IBM trading in the red for pre-market trading.
- Earnings beat market expectations
IBM Second Quarter Earnings Report
International Business Machines (IBM) reported their second quarter earnings on Monday, the share price for IBM weakened in pre-market trading. The tech group posted second quarter earnings that came out better-than-expected they did, however also indicate to the market that the impact of the strongest dollar seen in more than two decades could have a negative impact on the full-year sales figures.
IBM indicated their revenues rose 9% in June from last years, the company’s adjusted earnings per share, although lower than the same time last year, beat market expectations by around 4 cents.
IBM Price Chart
Sources: thestreet.com, finance.yahoo.com
