IBM actually beat analyst expectations on both revenue and earnings per share for the quarter, but Wall Street didn’t take lightly to its $US0.04 miss on expectations for full-year 2018 earnings per share.
Here’s what the company reported:
- Revenue for the quarter (GAAP) was $US19.07 billion, up 5% from the year before, though up 0% when adjusted for currency changes. This is compared to analyst expectations of $US18.82 billion.
- Q1 EPS (non-GAAP) were $US2.45, up 4% from the year before. This is compared to analyst expectations of $US2.41.
- Estimated EPS for 2018 (non-GAAP) is $US13.80, which missed analyst expectations of $US13.84.
- Estimated free cash flow for 2018 is $US12 billion..
This story is developing. Refresh for updated information.
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