IBM’s “almost” revenue growth powers Dow
Who says “Almost” only counts in horseshoes? IBM (IBM) announced a 0.4% year over year decline in third-quarter revenue –making it 22 straight quarters of declining revenue–but the 0.4% drop is the closest that IBM has come to revenue growth in...
Today’s IBM earnings will provide an indicator of market direction tomorrow
The market reaction tomorrow to IBM’s third quarter earnings, announced after the close today, will tell investors and traders a lot about what this market regards as a disappointment and how vulnerable U.S. stocks are to less than exciting earnings results. IBM...
U.S. stocks pause ahead of earnings
Not terribly surprising that U.S. stocks are meandering in slightly negative territory today after busting out to new all-time highs. (The Standard & Poor’s 500 stock index was off 0.09% at the close in New York.) We’re about to head into the meat of...There's less bad news in IBM's earnings than Wall Street thinks
IBM’s (IBM) second quarter revenue miss yesterday (July 19)—the company reported revenue grow of just 2% instead of the 4% to 5% that Wall Street had expected—undermined the entire technology sector. Last week after Intel (INTC) reported earnings of 51 cents a share...Will IBM earnings be good enough to fuel the rally?
IBM (IBM) got almost everything right in its October 15 earnings announcement. And still the shares dropped almost 4% in after-hours trading. Sales fell 6.9% from the third quarter of 2008 to $23.6 billion. But that still beat Wall Street projections for sales of...Tech stocks to lead earnings season again?
It’s early yet in earnings season, but I were a gambling man, I’d give the technology sector odds on leading the stock market again this quarter. Wall Street is beating the bushes for earnings growth right now. If earnings don’t go up in the next...Sure can't give Dell or Xerox points for originality. And these big acquisitions won't do much for shareholders either
The stock market got all excited yesterday by big acquisitions announced by Xerox (XRX) and Abbot Laboratories (ABT). Xerox announced that it would buy Affiliated Computer Services (ACS) for $5.7 billion in cash and Abbot said it would buy the drugs business of Solvay...So where's the growth? IBM's earnings climbed but sales fell.
So where’s the revenue growth to keep the rally going? The July 16 earnings results from IBM (IBM) were great news for IBM and its shareholders. The company did beat Wall Street earnings projections by 30 cents a share for the second quarter of 2009 when it reported...Jim’s Daily Email Alerts:
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