IBM (IBM): Q1 EPS of $3.00 misses by $0.05. Revenue of $23.41B (-5.1% Y/Y) misses by $1.28B....

IBM (IBM): Q1 EPS of $3.00 misses by $0.05. Revenue of $23.41B (-5.1% Y/Y) misses by $1.28B. Continues to guide for 2013 EPS of at least $16.70 vs. consensus of $16.77. Shares -3.7% AH. CC at 4:30PM ET (webcast). (PR)
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Comments (5)
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
    IBM rarely misses earnings, touting their earnings growth for some time as a premium. No longer. Their revenue growth has been flat to down for some time, and continues. The premium customer may downgrade to other providers as they seek to reduce costs and look more toward met-quality services instead of hand-holding.
    18 Apr 2013, 04:14 PM Reply Like
  • wadeyr
    , contributor
    Comments (199) | Send Message
    Seems like this stock can go lower. IBM missing earnings? Technology is not where you want to invest
    18 Apr 2013, 05:31 PM Reply Like
  • Derek A. Barrett
    , contributor
    Comments (3554) | Send Message
    Ouch, out of all the companies IBM was the last one I would expect a miss this big to happen to. They seem so pinpoint accurate with their projections.
    18 Apr 2013, 10:52 PM Reply Like
  • sethmcs
    , contributor
    Comments (3546) | Send Message
    As an accountant I am always suspicious when a company hits the mark quarter after quarter. Life and business rarely work this way. General Electric once had this trait and proved disastrous to shareholders paying a premium for such a stock.
    19 Apr 2013, 12:17 AM Reply Like
  • fixitshop
    , contributor
    Comments (5) | Send Message
    Totally expected of a company that uses the balance sheet to buy innovation. It's simplet to deliver earnings when you reduce OPEX for innovation and use the cash to acquire innovation, revenue and profit. Oh yea and use the cash to buy back stock. This company is eating itself up from the inside. Should be fun to watch...
    18 Apr 2013, 11:24 PM Reply Like
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