International Business Machines Corp. Q2 adjusted earnings Beat Estimates

(RTTNews) - International Business Machines Corp. (IBM) released earnings for second quarter that declined from the same period last year.

The company's profit totaled $1.36 billion, or $1.52 per share. This compares with $2.50 billion, or $2.81 per share, in last year's second quarter.

Excluding items, International Business Machines Corp. reported adjusted earnings of $1.95 billion or $2.18 per share for the period.

Analysts had expected the company to earn $2.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.4% to $18.12 billion from $19.16 billion last year.

International Business Machines Corp. earnings at a glance:

-Earnings (Q2): $1.95 Bln. vs. $2.83 Bln. last year. -EPS (Q2): $2.18 vs. $3.17 last year. -Analysts Estimate: $2.07 -Revenue (Q2): $18.12 Bln vs. $19.16 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.