International Business Machines Third Quarter 2024 Earnings: EPS Misses Expectations

International Business Machines (NYSE:IBM) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$15.0b (up 1.5% from 3Q 2023).
• Net loss: US$317.0m (down by 119% from US$1.71b profit in 3Q 2023).
• US$0.34 loss per share (down from US$1.88 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

International Business Machines EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are down 6.2% from a week ago.

Risk Analysis

Be aware that International Business Machines is showing 3 warning signs in our investment analysis that you should know about...

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