IBM Climbs Most in 5 Years as Profit Beats Estimates
Category IBM/Lotus
From Bloomberg: IBM Climbs Most in 5 Years as Profit Beats Estimates
Jan. 14 (Bloomberg) -- International Business Machines Corp., the world's biggest computer-services company, rose the most in more than five years in New York trading after earnings and sales topped analysts' projections.
IBM climbed 5.4 percent after saying business in Asia, Europe and developing countries helped bolster results through the weaker U.S. dollar. Fourth-quarter profit climbed to $2.80 a share and sales rose to $28.9 billion, exceeding predictions by more than $1 billion.
Could bode well for announcement and general mood next week... as if we needed any more reasons. :)
From Bloomberg: IBM Climbs Most in 5 Years as Profit Beats Estimates
Jan. 14 (Bloomberg) -- International Business Machines Corp., the world's biggest computer-services company, rose the most in more than five years in New York trading after earnings and sales topped analysts' projections.
IBM climbed 5.4 percent after saying business in Asia, Europe and developing countries helped bolster results through the weaker U.S. dollar. Fourth-quarter profit climbed to $2.80 a share and sales rose to $28.9 billion, exceeding predictions by more than $1 billion.
Could bode well for announcement and general mood next week... as if we needed any more reasons. :)
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