IBM set to report earnings after the bell [CNBC]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
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Source: CNBC
Wired senior staff writer Cade Metz and Arvind Krishna, then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016.Brian Ach | Wired | Getty ImagesAnalysts surveyed by Refinitiv are expecting $1.80 in earnings per share, adjusted, on $17.62 billion in revenue for the first quarter. For the full year, analysts are looking for $11.73 in earnings per share on an adjusted basis, according to Refinitiv. Comparing IBM's results against analysts' estimates will not be straightforward, though, given that the coronavirus continued to impact economies around the world in the quarter.Earlier this month, Arvind Krishna, whohas been at IBM since 1990could accelerate customers' adoptionIn the quarter IBM announced a 10-year services deal with Banco Sabadell of Spain that includes a hybrid-cloud component.David Holt, an analyst at CFRA Research, lowered his price target on IBM stock to $144 from $165 in a note distributed to c
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