The Dow is up triple digits this morning, and a lot of it has to do with IBM Corp (NYSE:IBM). The stock is up 10.2% to trade at $191.58 at last check, after the tech titan reported adjusted earnings of $3.87 per share on $17.38 billion in revenue for the fourth quarter, both of which exceeded analyst estimates. IBM also reported upbeat guidance for 2024 thanks to increased demand for its artificial intelligence (AI) software. In response, no fewer than six brokerages have upped their price target, the highe ...

International Business Machines Corporation (IBM) ended 2023 on a positive note with strong fourth-quarter results, wherein both the top and bottom lines beat the respective Zacks Consensus Estimate. The company witnessed healthy demand for hybrid cloud and AI solutions with a client-focused portfolio and broad-based growth.Net IncomeOn a GAAP basis, net income from continuing operations was $3,285 million or $3.54 per share compared with $2,711 million or $3.13 per share in the year-ago quarter. The improv ...

Key TakeawaysIBM shares gained after delivering better-than-expected fourth quarter earnings and full-year revenue guidance, driven by demand for its AI products and services.The company said its generative AI book of business doubled from the third quarter, benefiting from a number of lucrative consulting and software deals.IBM shares could be set to breakout from a rising wedge pattern, nearing in on their record high around $200. International Business Machines Corporation Source: TradingView.comShare ...

On January 23rd, the IBM stock price closed the day at $173.94 – the highest closing price, and also an ALH in the same day, in the company’s history of over 100 years.But why? Earnings matterCopy link to sectionLate yesterday, IBM announced triumphal financial results for the 2023 year, with gross profits up six percent YoY for Q4 and revenues up four percent, both well ahead of market expectations.Dividends, too, were significantly higher than anticipated, coming in at $3.87 for Q4, as opposed to the $3.7 ...

New AI-powered solution will accelerate and scale the Recording Academy®'s editorial content capabilities around Music's Biggest Night® ARMONK, N.Y., Jan. 25, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today introduced AI Stories with IBM watsonx, a generative AI solution co-created alongside the Recording Academy® to generate and scale editorial content around GRAMMY® nominees before and during the 66th Annual GRAMMY Awards®. Example of AI Stories with watsonx on GRAMMYs social media channels Example of AI S ...

International Business Machines Corporation (NYSE:IBM) Q4 2023 Earnings Conference Call January 24, 2024 5:00 PM ET Corporate Participants Olympia McNerney - Global Head of Investor Relations Arvind Krishna - Chairman and Chief Executive Officer Jim Kavanaugh - Senior Vice President and Chief Financial Officer Conference Call Participants Wamsi Mohan - Bank of America Amit Daryanani - Evercore Toni Sacconaghi - Bernstein Ben Reitzes - Melius Research Brent Thill - Jefferies Erik Woodring - Morgan Stanley Ma ...

For the quarter ended December 2023, IBM (IBM) reported revenue of $17.38 billion, up 4.1% over the same period last year. EPS came in at $3.87, compared to $3.60 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $17.28 billion, representing a surprise of +0.59%. The company delivered an EPS surprise of +2.38%, with the consensus EPS estimate being $3.78.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...

IBM (IBM) came out with quarterly earnings of $3.87 per share, beating the Zacks Consensus Estimate of $3.78 per share. This compares to earnings of $3.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.38%. A quarter ago, it was expected that this technology and consulting company would post earnings of $2.12 per share when it actually produced earnings of $2.20, delivering a surprise of 3.77%.Over the last four quarters, t ...

International Business Machines Corp.’s stock was riding about 5% higher in Wednesday’s extended session after the technology giant topped profit expectations for the latest quarter and called out an uptick in artificial-intelligence demand. The company posted net income of $3.3 billion, or $3.55 a share, compared with $2.9 billion, or $2.96 a share, in the year-earlier period. On an adjusted basis, IBM IBM, -0.01% earned $3.87 a share from continuing operatings, whereas analysts were modeling $3.79 a share ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...