News Formal

IBM set to report earnings after the bell

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Analysts are expecting IBM's revenue to be down year over year for the third quarter in a row.

div > div.group > p:first-child"> Here are the numbers to watch:

The estimate implies that analysts expect IBM's revenue to be down 3.2% from the year-ago quarter. This would be the third consecutive quarter in which revenue declined from a year ago. Previously, IBM had a streak of 22 consecutive quarters of annualized revenue declines that ended in 2017. In the first quarter IBM said it had sold its mortgage-servicing business to Mr. Cooper Group, and it said that later that this year it would wind down its business of providing working capital to certain kinds of information-technology companies.IBM's acquisition of Red Hat for $34 billion is expected to close in the second half of this year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ding ding ding ding ding ding ding ding ding ding Okay, I just felt like doing it 😂

SenateFloor HouseFloor TheJusticeDept FBI IBM promotes IBM Business Conduct Guidelines..IBM Policies/EEOC/New York Human Right etc..Violators since IBM Founded. Ginni Rometty is the Worst CEO. She IBM CEO became Sam Palmisani-Italian promoted Her per IBM Ex-Employees.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LIVE: here come IBM earningsIBM is shedding some businesses and swallowing RedHat in a $34 billion deal. Investors will have lots of questions when the comapny reports Q1 earnings.
Source: BusinessInsider - 🏆 729. / 51 Read more »

9 popular companies that paid $0 in taxes for 2018A new report reveals that American companies like Gannett, IBM, and Duke Energy didn’t just pay no taxes last year — they paid negative taxes.
Source: YahooNews - 🏆 380. / 59 Read more »