Filed under: Earnings reports, Microsoft (MSFT), Apple Inc (AAPL), Hewlett-Packard (HPQ), International Business Machines (IBM), Technology
International Business Machines (NYSE: IBM) posted an excellent earnings report on Thursday. Yes, the bottom-line results did beat analysts’ projections. According to Earnings.com, IBM was supposed to do only $2.02 per share for the second quarter. Huge Blue actually did much more than that: try $2.32 per share.
Okay, beating analysts is always great, but it’s even better when there’s legitimate earnings growth behind the beat. Often during the recession we’ve witnessed companies go beyond estimates but actually post year-over-year declines in profit. That’s always a blended bag, and you’ve to dig through the release to figure out exactly what’s going on. Well, the cool thing with IBM is that the $2.32 per-share figure represents double-digit growth of 18%.
Continue reading IBM grows profits and expands margins in second quarter
IBM grows profits and expands margins in second quarter originally appeared on BloggingStocks on Sat, 18 Jul 2009 16:00:00 EST. Please see our terms for use of feeds.
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