IBM Poised To Rise On Earnings, Projections And Buffett's Buying
By Zvi Bar:On Thursday, January 19, 2012, after the markets closed, IBM Corp (IBM), the world's largest technology services company, reported its earnings for the fourth quarter of 2011 and increased its forecast for 2012, anticipating over ten percent earnings per share growth as businesses are expecting to ramp up spending on software and related computer services. The news is likely to help lift the shares. Excluding certain one-time items, IBM's earnings increased to $4.71 per share compared to $4.25 a year earlier, and above Wall Street estimates. IBM also increased its 2012 earnings forecast to at least $14.85 per share. The company also stated that its revenue came in at $29.5 billion, which was below consensus expectations, but above the $29 billion in sales generated during the same quarter in 2010. Geographically, IBM reported a three percent revenue increase within the Americas, and one percent increase within Europe, the Middle EastComplete Story »
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