IBM reported preliminary Q2 revenue of $17.2B, up 1% YoY, and adjusted EPS of $2.93, up 4.6%, but both missed Wall Street expectations. Consensus called for revenue to rise 5% to $17.86B and adjusted EPS to reach $3.02 (vs. $2.93), implying a meaningful earnings shortfall versus estimates. The magnitude of the misses is likely to weigh on the stock near term as investors recalibrate expectations.
IBM reported preliminary Q2 revenue of $17.2B, up 1% YoY, and adjusted EPS of $2.93, up 4.6%, but both missed Wall Street expectations. Consensus called for revenue to rise 5% to $17.86B and adjusted EPS to reach $3.02 (vs. $2.93), implying a meaningful earnings shortfall versus estimates. The magnitude of the misses is likely to weigh on the stock near term as investors recalibrate expectations.
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moderately negative
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