IBM: Q3 EPS just beat expectations

(CercleFinance.com) - On Wednesday evening, IBM announced Q3 2019 net operating income (non-GAAP) that is down 24% at 2.
4 billion dollars, or 2.68 dollars per share, two cents above the consensus.

The IT giant's revenues fell by 3.9% to 18 billion dollars (-0.6% in organic terms), hence missing the 18.2 billion dollars expected by analysts, while its gross margin remained stable at 47.4%.

The Armonk based group (New York State) has confirmed that it expects FY operating EPS of at least 12.80 dollars, along with free cash-flow of around 12 billion dollars.


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