Topic: How To Invest

Wall Street Stock Forecaster Hotline – Thursday, April 18, 2019

Article Excerpt

INTERNATIONAL BUSINESS MACHINES CORP., $140.33, New York symbol IBM, is one of the world’s largest computer companies, with operations in over 175 countries. The company reported lower-than-expected revenue for the first quarter of 2019. That’s mainly because some customers in Asia have delayed investments in new systems. As well, revenue from its mainframe computer division fell 11%, as the year-earlier quarter benefited from the launch of a new model. IBM’s revenue in the three months ended March 31, 2019, fell 4.7%, to $18.18 billion from $19.07 billion a year earlier. That also missed the consensus estimate of $18.4 billion. If you factor out exchange rates, revenue declined just 0.9%. Overall earnings in the quarter fell 11.6%, to $2.01 billion from $2.27 billion a year earlier. Due to fewer shares outstanding, per-share profits declined 8.2%, to $2.25 from $2.45. Those figures exclude unusual items such as the costs related to recent acquisitions, changes to IBM’s employee pension plans and items related to the new U.S….