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Ekonomické zprávy
26.01.2023

Company news: IBM (IBM) quarterly earnings slightly miss analysts' estimates

IBM (IBM) reported Q4 FY2022 earnings of $3.61 per share (versus $3.35 per share in Q4 FY2021), slightly missing analysts’ consensus estimate of $3.61 per share.

The company’s quarterly revenues amounted to $16.690 bln (0.0% y/y), beating analysts’ consensus estimate of $16.375 bln.

IBM also announced plans to cut 3,900 jobs or nearly 1.4% of its workforce.

IBM fell to $137.75 (-2.14%) in pre-market trading.

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