IBM Shares Slide After Pulling 2020 Profit Guidance Following First Quarter Revenue Miss [TheStreet.com]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
Check Earnings Report
US:NYSE Investor Relations:
ibm.com/investor
Company Research
Source: TheStreet.com
International Business Machines Corp.(IBMGet ReportIBM said non-GAAP earnings for the three months ending in March came in at $1.84 per share, down 18% from the same period last year but 4 cents ahead of the Street consensus forecast. Group revenues, IBM said, fell 3.4% from last year at $17.57 billion, but that figure slightly missed analysts' estimates of a $17.62 billion tally. Quarterly operating profit margins also improved by 15% to 46.2%, IBM said.Looking through to the rest of the financial year, IBM said it will no longer hold to its 2020 earnings forecast, which had estimated non-GAAP earnings of at least $13.57 per share, but would re-assess its near-term future at the end of the current quarter."In the first quarter, we had modest revenue growth ... we entered the quarter in a good position with momentum from the end of last year," CEO Arvind Krishna told investors on a conference call late Monday."We are entering this challenging environment from a relative position of st
Show less
Read more
Impact Snapshot
Event Time:
IBM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IBM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IBM alerts
High impacting International Business Machines Corporation news events
Weekly update
A roundup of the hottest topics
IBM
News
- Quantum Computing Could Be a $72 Billion Opportunity by 2035. Can IonQ Capture It? [Yahoo! Finance]Yahoo! Finance
- Can IBM's Sovereign Core Software Launch Boost Its Shares? [Yahoo! Finance]Yahoo! Finance
- SEEQC and Allegro Merger Corp. Enter Into Merger Agreement [Yahoo! Finance]Yahoo! Finance
- IBM unveils Sovereign Core for digital sovereignty in AI environments [Yahoo! Finance]Yahoo! Finance
- Final Entry Deadline in 2026 Asia-Pacific Stevie® Awards Extended to 30 January [Yahoo! Finance]Yahoo! Finance
IBM
Earnings
- 10/22/25 - Beat
IBM
Sec Filings
- 1/2/26 - Form 4
- 1/2/26 - Form 4
- 1/2/26 - Form 4
- IBM's page on the SEC website