© Reuters. IBM: THE PREDICTION OF BPA’s ANNUAL DISAPPOINTS; The ACTION PLUNGES
(Reuters) – International Business Machines (NYSE:IBM) expects profits for the year, which is lower than the market expectations, causing a fall of 6% of the share in after-Grant.
IBM said it continued to show an adjusted earnings per share of at least 13,80 dollars, while analysts are expecting 13,83 dollars.
Net income for the first quarter of 2018 spring to 1.68 billion, or $ 1.81 all dollar per share, compared to 1.75 billion (1,85 dollar per share) a year earlier.
Quarterly revenue increased 5% to 19,07 billion, as a result of the transformation of IBM from a computer manufacturer into a company with a high tech specialized in cloud computing and services.
Without exceptional items, the earnings per share quarterly spring to 2.45 dollars, exceeding the consensus Thomson Reuters I/B/E/S who gave it to 2.42 dollars.
(Pushkala Arikapa; Wilfrid Exbrayat for the French service)