IBM stock rallies on third-quarter results, upbeat forecast
Wall Street is trying to assess the effect of a difficult foreign currency environment on IBM's earnings report.
consultancy and infrastructure major exceeded third-quarter estimates and raised full-year revenue prediction.
Our portfolio shows that customers worldwide see technology as a way to improve their company.
That's more positive than his July projection after IBM's second-quarter results.
According to FactSet, Wall Street expects IBM's full-year revenues to reach $59.667 billion.
FactSet surveyed analysts, and they predicted an adjusted EPS of $1.79 on revenues of $13.517 billion.
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