| IBM met earnings estimates and beat revenue estimates after the close on Wednesday, but Big Blue's stock declined after hours because much of the gains came from favorable currency translations.
IBM's earnings of 98 cents a share matched analysts' estimates, and revenues of $21.63 billion, up 10% year-over-year, came in ahead of $21.43 billion estimates. IBM also reaffirmed full-year guidance, but traders viewed the lack of upside guidance as one more sign of a lackluster economy and IT spending environment. IBM Lumbers to the Line - TheStreet.com::
IBM to Triple Investment in India More Info | Unlimited Reports. Free Newsletters. See All Free Newsletters. After the Bell
http://www.thestreet.com/story/10297298/1/ibm-lumbers-to-the-line.htmlHOME |
Big Blue's report capped a day that saw Intel surge 5% on better than expected results - while the rest of the market fell.
The Nasdaq lost 5 to 1747, the S&P 500 declined 6 to 994, and the Dow fell 34 to 9094. Volume rose to 1.67 billion shares on the NYSE, but was unchanged at 1.93 billion on the Nasdaq. Decliners led 22-10 on the NYSE, and 18-13 on the Nasdaq. Downside volume was 70% on the NYSE, and 62% on the Nasdaq. New highs-new lows were 102-18 on the NYSE, and 235-3 on the Nasdaq. IBM beats Wall Street forecasts - Jul. 18, 2006::
IBM Tuesday reported second quarter-earnings that topped Wall Street forecasts by a penny a share and sales that were in line with estimates, but the company posted
http://money.cnn.com/2006/07/18/technology/ibm_earnings/index.htm?section=money_topstoriesHOME |
LinuxPlanet - Reports - IBMs Big Plans For Eclipse-Based WebSphere ::
IBMs Eclipse project is still going great guns and has just released a new beta Its more in line with tools like J-Builder, Koehler said.
http://www.linuxplanet.com/linuxplanet/reports/4756/1HOME |
After the close, Apple, QLogic, SanDisk, and AMD beat estimates, while Internet Security missed and E*Trade met estimates. IBM reports flat third quarter - Breaking - http://www.theage.com.au ::
IBM has posted a flat quarterly net profit, weighed down by a legal settlement, to $US23.4 billion, squarely in line with Wall Street forecasts, according to
http://www.theage.com.au/articles/2004/10/19/1097951665777.htmlHOME |
During the day, Lucent and Motorola fell on earnings warnings, and Applied Micro and RF Micro fell on their reports. Seagate edged higher on its results.
EMC fell 8% despite better than expected results.
Microsoft and Dell rose on a homeland security deal.
Intersil rose 3% after exiting the Wi-Fi business.
Homestore gained 11% on a deal with MSN.
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 PwC, Rational Boost IBM's Profit in Q2 |
