Corporate reporting: IBM (International Business Machines Corporation) provide its earnings statement for the third quarter today after the close of stock market
17.10.2011 18:57:00
According to preliminary estimates, the company's Expected Quarterly Earningsp grew by 14.2% compared with the previous quarter and 33% for the year. It expects IBM to post solid Q3 numbers after the bell today, but thinks Q4 estimates are too high, and Y/Y hardware growth will come down. IBM has strongly outperformed the NASDAQ this year, and hit an all-time high on Friday.