Badly miss on revenue, meet on EPS.
5 replies (most recent on top)
Here is what the street is expecting. Earnings down 3.6% and revenue down .6%, vs last year. That seems in line considering they bought back stock for 1/2 the year They do expect IBM could surprise earnings wise to the upside 4-8 cents As everyone has said same old story different day. GINII do you actually get paid to slowly sink into the deep. Amazing eh.
https://seekingalpha.com/news/3532893-ibm-q4-2019-earnings-preview
Operationally nothing changed. If anything ever changes it'll be cause they pulled off something with RedHat but that's still years away.
So, the same old story, Ginny's only job is to manage a gradual decline.
As someone said below:
Street doesn’t care about the lame excuses from a lazy board.
Revenue down. Don’t see how EPS could meet the mark either as there hasn’t been a huge layoff to counteract it. Street doesn’t care about the lame excuses from a lazy board. We continue to be an embarrassment and the brand name erodes further. Sad!
Revenue down 3% vs last year. GTS down 6% vs last year. Earnings beat by 2 cents. Wall Street yawn. Same ole same ole. Excuses = currency, unanticipated headwinds (Brexit, Trade, political climate), taxes, integration issues from Redhat.
Slight miss
The Street unphased
Just my gut