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seamusmckeon

seamusmckeon
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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 2012 EPS of at least $15.10, above consensus of $15.06 and prior guidance of at least $15. Shares +1% AH. (PR)  [View news story]
    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).
    Jul 19 07:30 AM | 1 Like Like |Link to Comment
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