International Business Machines Corporation misses by $0.01, misses on revenue

International Business Machines Corporation (IBM): Q1 EPS of $2.54 misses by $0.01.

Revenue of $22.48B (-4.0% Y/Y) misses by $450M.

Shares -2.3%.

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Comments (19)
  • Momintn
    , contributor
    Comments (6083) | Send Message
    Actually they met the average analyst expectation.
    16 Apr 2014, 04:19 PM Reply Like
  • Brian Babylon
    , contributor
    Comments (94) | Send Message
    Actually they AGAIN missed their revenue target badly. The honeymoon for the CEO needs to end end and termination papers drafted.
    16 Apr 2014, 05:40 PM Reply Like
  • 1GreatCFA
    , contributor
    Comments (1362) | Send Message
    Brian see my [extensive] list of comments on this once great but long fallen star.
    16 Apr 2014, 10:55 PM Reply Like
  • slam stocks
    , contributor
    Comments (1454) | Send Message
    This sucks after the recent run up...
    16 Apr 2014, 04:21 PM Reply Like
  • JD in NJ
    , contributor
    Comments (1634) | Send Message
    Only if you're planning to sell soon
    16 Apr 2014, 04:35 PM Reply Like
  • chopchop0
    , contributor
    Comments (5268) | Send Message
    It was a great time to get out.
    16 Apr 2014, 04:48 PM Reply Like
  • Livabjorn
    , contributor
    Comments (94) | Send Message
    no worry, buy now when it's cheap - it'll soon come back up ;-)
    16 Apr 2014, 04:51 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (1401) | Send Message
    Really? It may come back??? The fundamental revenue growth plan of IBM is broken and has been for at least a year. Probably longer? There are FAR easier places in tech to make money then IBM. At least it's pretty apparent why the prior CEO left when he did. The writing for this was probably there for everyone to see it.


    But baby... let me say this... when IBM runs up like it did prior to today's earnings announcement, those Puts I bought today are like manna from heaven. Easy money. :-)
    16 Apr 2014, 11:42 PM Reply Like
  • Joop49
    , contributor
    Comment (1) | Send Message
    16 Apr 2014, 05:15 PM Reply Like
  • Nettligent
    , contributor
    Comments (1346) | Send Message
    "Buy, buy, buy! Oh, everyone is buying? Then sell, sell, sell!" Rodney Dangerfiled to his stock broker while playing golf.
    16 Apr 2014, 09:21 PM Reply Like
  • wixeywaxy
    , contributor
    Comments (380) | Send Message
    I'm not going to sell IBM but I am disappointed that they can't generate revenues. The important thing isn't revenues, it's profit and it's the profit applicable to my shares. That is only O K. but I'm not expecting IBM to look like a growth company. WW
    16 Apr 2014, 05:50 PM Reply Like
  • 1GreatCFA
    , contributor
    Comments (1362) | Send Message
    So let me get this clear in my mind. You are an IBM shareholder and the fact that the company you actually put your money into cannot GROW revenues is unimportant????
    16 Apr 2014, 10:58 PM Reply Like
  • mrudolph72
    , contributor
    Comments (58) | Send Message
    I think the most important things are buy backs and cloud revenue. They spent a ton on buy backs during the quarter at nice low prices. Cloud is growing like wild fire. I'm liking IBM after earnings.
    16 Apr 2014, 06:15 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (1401) | Send Message
    The buy-backs IBM has done for the last 3 or 4 years has hidden the slow revenue growth. Since last year, people aren't buying that story anymore. IBM is still a great company but they are NOT a great revenue generator. The stock only gets interesting again around the mid $160's
    16 Apr 2014, 11:45 PM Reply Like
  • jstratt
    , contributor
    Comments (4011) | Send Message
    Sadly I dont know why anyone expected a different result. IBM has been hemorrhaging each and every quarter with this CEO.
    Really the board needs to be held accountable for IBM performance. They either pushed out or allowed Palmisano to leave because he hit a certain preretirement age. When a CEO is a consistent performer it is a mistake to puch them out.
    The stock should not have been priced higher than $185 going into earnings anyway. Given this management team you have to subtract 10% of valuation.
    My concern is that IBM may be severely damaged before the Board acts.
    16 Apr 2014, 08:06 PM Reply Like
  • sethmcs
    , contributor
    Comments (3573) | Send Message
    IBM is a victim of the Snowden NSA scandal. A lot of foreign business has been lost especially in China and other emerging markets as well. The impression is IBM works for the NSA. Hard to grow business with that kind of stigma.
    16 Apr 2014, 11:36 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
    Rather than make excuses, that is why the Executives earn the big bucks.


    Does Tim Cook spew those out? Otellini did.


    Did Chambers do that? I think that is a good measurement of the effectiveness of a CEO.


    Though Steve Jobs gave lame excuses and was aggressive, his company was/is a "cult".
    17 Apr 2014, 01:18 AM Reply Like
    , contributor
    Comments (213) | Send Message
    sethmcs, are you the CEO? Sounds like an excuse the CEO would use for why the company is not performing well. Certainly, not the CEO's fault!
    17 Apr 2014, 12:59 AM Reply Like
  • User 13165832
    , contributor
    Comment (1) | Send Message
    $2.54 EPS and they missed by one penny. That is less than half of one percent. It is not a giant miss. It is very close to the target. AND $2.55 was an estimate. I wish all of my stock estimates were within half of a percent.


    I will hold IBM for another year. Nice dividends.
    17 Apr 2014, 01:44 PM Reply Like
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