IBM Reports Strong Q4 Earnings, Tops Expectations
ARMONK, N.Y. - International Business Machines Corp. (IBM) reported strong financial results for the fourth quarter, exceeding Wall Street estimates.
Key Metrics
* Net income: $2.92 billion, or $3.09 per share
* Adjusted earnings per share: $3.92
* Revenue: $17.55 billion
Analyst Expectations
* Earnings per share: $3.73 (per Zacks Investment Research)
* Revenue: $17.56 billion (per Zacks)
Annual Performance
* Net income: $6.02 billion
* Earnings per share: $6.43
* Revenue: $62.75 billion
IBM's results underscore the company's continued strength in technology and consulting services. While revenue slightly missed forecasts, the company's earnings significantly surpassed expectations.
For more detailed information on IBM's financial performance, please access the Zacks stock report at https://www.zacks.com/ap/IBM.