News Formal

IBM shares jump after better-than-expected earnings

  • 📰 CNN
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

IBM shares jumped about 6% in after-hours trading Monday after a second-quarter earnings report that was not quite as painful as Wall Street had feared, despite disruptions caused by the coronavirus pandemic

New York .

The company reported earnings of $2.18 per share — down 31% from the same period in the prior year — on $18.1 billion in revenue during the three months ended June 30. Wall Street analysts had predicted earnings of $2.07 per share on $17.7 billion in revenue. Cloud computing was a bright spot for IBM . Sales from its cloud and cognitive software division rose 3% from the year-ago quarter to $5.7 billion, led by a nearly 30% jump in cloud and data platforms revenue.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Cooking the books?

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 4. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks making the biggest moves after hours: IBM, Moderna, Tesla and moreSee which stocks are posting big moves after the bell.
La source: CNBC - 🏆 12. / 72 Lire la suite »

IBM earnings beat estimates on cloud strength; shares up 6%International Business Machines Corp posted second-quarter revenue and profit that beat analysts' estimates on Monday, riding on the strength of its high-margin cloud computing business, sending its shares up 6%. 😮 Who wudda thunk IBM....IBM.... Impervious to a nasty Virus....?
La source: Reuters - 🏆 2. / 97 Lire la suite »