International Business Machines Corp. (IBM) Earnings Rise
First-quarter earnings at International Business Machines Corp. rose 8 percent and matched Wall Street expectations Tuesday, as a boost from software acquisitions helped overcome only moderate growth overall.
In the first three months of this year, traditionally IBM's slowest quarter, the Armonk, N.Y.-based company earned $1.84 billion, $1.21 per share. In the comparable period last year IBM showed profits of $1.71 billion, or $1.08 per share.
Analysts surveyed by Thomson Financial were expecting $1.21 a share for the first quarter.
In the first three months of this year, traditionally IBM's slowest quarter, the Armonk, N.Y.-based company earned $1.84 billion, $1.21 per share. In the comparable period last year IBM showed profits of $1.71 billion, or $1.08 per share.
Analysts surveyed by Thomson Financial were expecting $1.21 a share for the first quarter.
Labels: IBM, International Business Machines Corp.
posted by Stock Administrator @ 4:34 PM
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