Seeking Alpha

IBM beats estimates, reiterates full-year guidance

  • IBM (NYSE:IBM): Q2 EPS of $4.32 beats by $0.03.
  • Revenue of $24.36B (-2.2% Y/Y) beats by $230M.
  • Guidance for full-year EPS of at least $18 is reiterated. Consensus is at $17.87.
  • Shares +2.4% AH. CC at 4:30PM ET.
  • Press Release

Check out Seeking Alpha’s new Earnings Center »

Comments (15)
  • Sean Weston
    , contributor
    Comments (66) | Send Message
     
    Good news. I think the days of IBM below $200 will be coming to an end very shortly.
    17 Jul 2014, 04:44 PM Reply Like
  • chopchop0
    , contributor
    Comments (3863) | Send Message
     
    $188 AH at 8 PM EST. I am so glad to be out of this turkey at $190 last year.
    18 Jul 2014, 12:54 AM Reply Like
  • Brian Sanders
    , contributor
    Comments (965) | Send Message
     
    I'd happily buy it at $185 or below.
    18 Jul 2014, 04:28 PM Reply Like
  • Cadu Aldighieri
    , contributor
    Comment (1) | Send Message
     
    Shows How IBM really is on the right track. And now with the Apple+IBM Partnership, we can look forward a much better 2nd Half.
    17 Jul 2014, 05:14 PM Reply Like
  • Ibex Investor
    , contributor
    Comments (330) | Send Message
     
    http://seekingalpha.co...
    17 Jul 2014, 05:27 PM Reply Like
  • sswitzky
    , contributor
    Comments (52) | Send Message
     
    I like the long term story and I like this quarter's numbers. However, IBM is not up in after hours trading. It's down 1.7% to south of $190. Options expiry is tomorrow.
    17 Jul 2014, 05:45 PM Reply Like
  • Brian Sanders
    , contributor
    Comments (965) | Send Message
     
    Good point, thanks for mentioning that. Original EPS target dropped from 19+ to $18. Still good, but I can understand the selling reaction.
    17 Jul 2014, 05:56 PM Reply Like
  • Vitali Tchalov
    , contributor
    Comments (20) | Send Message
     
    You might want to analyze information at the link below. I haven't had a chance to verify all of it, but 2.65 debt-to-equity does not look good to me. Compare it with AAPL's 0.14, MSFT's 0.26, INTC's 0.23, CSCO's 0.37 and even ORCL's 0.52. If the rest of the data is accurate, then the stock going south post-earnings may not be only because of options expiration. http://bit.ly/1pg7pG1.
    Oh, shoot, maybe I shouldn't publish it before buying puts on this toast, say for 130 @ 0.13 for Oct... Sorry, pal.
    17 Jul 2014, 06:30 PM Reply Like
  • NLTInvestor
    , contributor
    Comments (322) | Send Message
     
    debt is due to the financing division please read the 10k
    17 Jul 2014, 07:05 PM Reply Like
  • Mark Krieger
    , contributor
    Comments (4378) | Send Message
     
    shares are taking a thumping in after hours trading. I guess the market reassessed the results and guidance, and didn't like what it saw.
    17 Jul 2014, 06:47 PM Reply Like
  • Mark Krieger
    , contributor
    Comments (4378) | Send Message
     
    they didn't raise guidance-that's where the disappointment lies.
    17 Jul 2014, 07:59 PM Reply Like
  • NLTInvestor
    , contributor
    Comments (322) | Send Message
     
    i believe guidance is already pretty impressive
    17 Jul 2014, 11:43 PM Reply Like
  • Brian Babylon
    , contributor
    Comments (79) | Send Message
     
    Wall Street is retarded and short sighted. IBM raised their guidance in a huge way in 2010 when they predicted $20/share earnings for 2015.
    18 Jul 2014, 12:35 AM Reply Like
  • Michael Clark
    , contributor
    Comments (9590) | Send Message
     
    9 straight quarters of lower revenues. IBM is using debt to replace revenues, by buying back shares hands over fist to keep EPS growth. IBM has a higher total debt/equity ratio than just after the Lehman collapse. Earnings have not grown since 2007.

     

    Low interest rates let a lot of companies fake earnings growth by retiring share INSTEAD OF growing earnings.

     

    http://seekingalpha.co...
    18 Jul 2014, 01:40 AM Reply Like
  • NLTInvestor
    , contributor
    Comments (322) | Send Message
     
    wow HOW MANY TIMES DO I HAVE TO SAY IT. DEBT IS MOSTLY DUE TO FINANCING OPERATIONS JEEZUS
    18 Jul 2014, 04:37 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs