International Business Machines Corporation reports results for the quarter ended September 30 - Earnings Summary

• International Business Machines Corporation IBM.N reported quarterly adjusted earnings of $2.95​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.65. The mean expectation of nineteen analysts for the quarter was for earnings of $2.86 per share. Wall Street expected results to range from $2.75 to $3.12 per share.

• Revenue rose 4.7% to $17.10 billion from a year ago; analysts expected $16.82 billion.

• International Business Machines Corporation's reported EPS for the quarter was $2.31​.

• The company reported quarterly net income of $2.2 billion.

• International Business Machines Corporation shares had risen by 10.0% this quarter and lost 18.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 12 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for International Business Machines Corporation is $239.00, about 5.2% below its last closing price of $251.46

This summary was machine generated from LSEG data October 21 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)