What To Expect From IBM's Q2 Earnings? BofA Forecasts No Change In Annual Outlook

Loading...Loading...BofA Securities analyst Wamsi Mohan provides earnings preview ahead of International Business Machines Corporation IBM second-quarter results release after market close on July 24.The analyst writes that IBM’s shares are up 12% year-to-date but have lagged behind the SPX index, which gained 18% over the past year. Since the F1Q earnings call, IBM’s shares have risen 8%.The analyst expects Software (RHT) and Consulting revenues to improve in the second half but sees some risk in the near ...