IBM (IBM): Q2 EPS of $3.91 beats by $0.14. Revenue of $24.92B (-4.2% Y/Y) misses by $450M. $1B...


IBM (IBM): Q2 EPS of $3.91 beats by $0.14. Revenue of $24.92B (-4.2% Y/Y) misses by $450M. $1B restructuring charge recorded. Expects 2013 EPS (exc. restructuring charge) of at least $16.90, above consensus of $16.64 and prior guidance of $16.70. Shares +3.6% AH. CC at 4:30PM ET (webcast). (PR)
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Comments (10)
  • brianhutch
    , contributor
    Comments (331) | Send Message
     
    The real picture .
    Earnings fell by 17% from last year to $2.91 per share down from $3.34 a year ago ,
    That my friends is a huge miss and no amount of IBM massaging of their investors confidence by forecasting a brighter future can produce damage control .
    So why is it rallying after hours ?
    Because Buffet and his cronies are trying to stop the Dow from imploding and bringing down this huge ponzi scheme that they have been involved in

     

    http://on.mktw.net/15H...
    17 Jul 2013, 05:06 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (1361) | Send Message
     
    Quite a bit of bad news was baked into the stock price which was down about 8% since Accenture imploded after earnings in June. I certainly didn't expect the pop up to $206 like the immediate after hours jump. But, it fell back down to earth almost immediately.

     

    As #TFCAB said below, "not everything in this world is a conspiracy". IBM trades about like you'd expect it to trade. Buffet doesn't rule the world and the bankers aren't going to destroy humanity. The simple fact is that MOST times 2+2 just equals 4 and there isn't anything more to it.
    17 Jul 2013, 05:49 PM Reply Like
  • Common Guy
    , contributor
    Comments (79) | Send Message
     
    So Elvis is alive too?
    17 Jul 2013, 08:40 PM Reply Like
  • Joseph Harry
    , contributor
    Comments (343) | Send Message
     
    Its rallying because they beat estimate and raised their full year outlook. The increase in gross margins is good too.
    17 Jul 2013, 05:11 PM Reply Like
  • Trader's Profit Compass
    , contributor
    Comments (2071) | Send Message
     
    not everything in this world is a conspiracy........
    17 Jul 2013, 05:27 PM Reply Like
  • rickraff
    , contributor
    Comments (319) | Send Message
     
    IBM is still transitioning from a hardware firm to offering a variety of software/services. There will be some bumps along the road during this transition. The margins are increasing, and that is good. Their revenues are shrinking and that is part of the transitioning. This quarter saw a million dollar write down as they are reorganizing, and "helping" people retire.

     

    IBM is still on track to deliver $20 by 2015! This was a beat and raise quarter on the bottom line. I do not expect the stock to sell off or soar, but trade between $190 and $210 for the next three months.
    17 Jul 2013, 05:57 PM Reply Like
  • 13761362
    , contributor
    Comments (382) | Send Message
     
    declining revenue but still a huge number. obviously they're not Apple computer...is there something exciting here? Microsoft has had a huge move this year. will Intel follow? i need a storyline and i hear nothing from IBM.
    18 Jul 2013, 12:26 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    Could not have said it any better: IBM's Unexceptional Exceptionals A Lot of Work Goes Into Big Blue's Earnings—but Not Necessarily the Most Inspiring Kind (http://on.wsj.com/12M0rfp)
    17 Jul 2013, 07:07 PM Reply Like
  • davidbsva
    , contributor
    Comments (69) | Send Message
     
    Nice to be able to run a large company and decide what charges everyone should 'just ignore' in the results.
    17 Jul 2013, 08:52 PM Reply Like
  • Ilioula
    , contributor
    Comments (39) | Send Message
     
    The tech space is in the midst of one of its famous bouts of creative destruction. Everyone's numbers are stinking the place up...'nough said.
    Big Blue is still going to prosper as they have global reach, financial depth and that formidable patient library. Speaking of which, as I have said more than once in these pages, IBM's high tech patient portfolio is it's hidden treasure. If only they have the clear eyed vision to turn creative, cutting edge patients into billions from collaborations from other tech companies. This is NOT how the company operates and it has suffered from this lack of synergy.
    18 Jul 2013, 08:08 AM Reply Like
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