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IBM (IBM): Q2 EPS of $3.51 beats by $0.09. Revenue of $25.78B (-3% Y/Y) misses by $500M. Expects...

IBM (IBM): Q2 EPS of $3.51 beats by $0.09. Revenue of $25.78B (-3% Y/Y) misses by $500M. Expects 2012 EPS of at least $15.10, above consensus of $15.06 and prior guidance of at least $15. Shares +1% AH. (PR)
Comments (9)
  • sheeple2012
    , contributor
    Comments (203) | Send Message
     
    must have some REALLY good accountants...
    18 Jul 2012, 04:15 PM Reply Like
  • detto
    , contributor
    Comments (76) | Send Message
     
    LMAO at the doomers!!! Where is the recession???
    18 Jul 2012, 06:31 PM Reply Like
  • scarlo
    , contributor
    Comments (53) | Send Message
     
    haha, Fred Hickey's newsletter says the same thing... continuing decline in revenues, but somehow always an earnings 'beat'. amazing...
    18 Jul 2012, 04:22 PM Reply Like
  • Q. A. SAMAD
    , contributor
    Comments (99) | Send Message
     
    Either way, their stock is up two percent after-hours. I'm laughing at those who sold their options prior to the announcement.
    18 Jul 2012, 04:25 PM Reply Like
  • rcpatrick5443
    , contributor
    Comments (678) | Send Message
     
    I think that IBM is a great company that with its Smart initiatives is addressing and making inroads on some of the country's (and world's) major issues and problems. In the six months that I've owned the stock, it seems that people's concerns with whether IBM would meet analysts' projections (frequently mistaken as they tend to be) may have caused them to lose sight of the potential of IBM to earn a substantial profit for itself and its investors while doing vitally important work.
    18 Jul 2012, 05:29 PM Reply Like
  • User 528800
    , contributor
    Comments (2) | Send Message
     
    IBM CONTINUES TO FIRE ON ALL CYLINDERS.LONG TERM STRATEGIC PLANNING CONTINUES TO BE IN SYNCH WITH THEIR EXECUTION. LOOK FOR CHINA AND INDIA TO BE SIGNIFICANT GROWTH AREAS IN THE FUTURE. REMEMBER THAT IBM WAS THE FIRST COMPANY TO SELL IN CHINA AND THEY HAVE LICENSE # 1, FOR THOSE WHO DON'T KNOW.

     

    LH
    18 Jul 2012, 05:47 PM Reply Like
  • dividend_growth
    , contributor
    Comments (2878) | Send Message
     
    IBM is still shifting from low margin hardware to high margin software/service businesses.
    19 Jul 2012, 02:35 AM Reply Like
  • seamusmckeon
    , contributor
    Comment (1) | Send Message
     
    Of course they will make their EPS objective. If revenue doesn't do it, they will buy back shares, and if that doesn't they will lay off older employees (oops...rebalance resources). They have more levers to pull than carter has pills. As a share holder, they are great; as an American icon, they aren't doing much for job creation (in the US).
    19 Jul 2012, 07:30 AM Reply Like
  • Salesfarce
    , contributor
    Comments (57) | Send Message
     
    What a scam the stockmarket has become .
    All these "experts" touting the "core" earnings as if they mean something . The $3.51 is devoid of the expenses that are real costs of doing business .
    The core earnings ignores the following .
    Cost of aquisitions necessary to to grow sales inorganically .left out.
    Pension costs , left out.
    Amortization costs , left out .
    Despite the aquisitions the revenue declined by $900M from last year .
    The real EPS was $3.34 or a miss by 8c .
    This was the first decline in revenue since 2009 .
    IBM knows how to entertain the crowd with engineered earnings but in reality it is a strong sell
    19 Jul 2012, 05:49 PM Reply Like
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