IBM Earnings, Revenue Beat in Q2
2022.07.18 23:34
IBM Earnings, Revenue Beat in Q2
Investing.com – IBM (NYSE:IBM) reported on Monday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
IBM announced earnings per share of $2.31 on revenue of $15.54B. Analysts polled by Investing.com anticipated EPS of $2.27 on revenue of $15.09B.
IBM shares are up 3% from the beginning of the year, still down 5.39% from its 52 week high of $146.00 set on October 4, 2021. They are outperforming the S&P Global 100 which is down 16.73% from the start of the year.
IBM shares lost 0.07% in after-hours trade following the report.
IBM follows other major Information Technology sector earnings this month
IBM’s report follows an earnings beat by Visa A on Wednesday, who reported EPS of $1.79 on revenue of $7.19B, compared to forecasts EPS of $1.65 on revenue of $6.83B.
Taiwan Semiconductor had beat expectations on Thursday with second quarter EPS of $1.53 on revenue of $17.87B, compared to forecast for EPS of $1.44 on revenue of $17.68B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
