A Sneak Peek At International Business Machines Corporation (IBM) 2Q20 Earnings

International Business Machines Corporation (NYSE:IBM) is set to announce second quarter earning results on Monday 20th July 2020, after market close.

Analysts surveyed by Thomson Reuters are predicting, IBM to report 2Q20 income of $ 2.06 per share.

For the full year, analysts anticipate top line of $ 73363.70 million, while looking forward to income of $ 11.15 per share bottom line.

Previous Quarter Performance

International Business Machines Corporation reported income for the first quarter of $ 1.84 per share, from the revenue of $ 17,571.00 million. The quarterly earnings down 18.22 percent while revenues reduced 3.36 percent compared with the same quarter last year.
According to street consensus, IBM was expected to report 1Q20 income of $ 1.79 per share from revenue of $ 17623.00 million. The bottom line results beat street analysts by $ 0.05 or 2.79 percent, at the same time, top line results fell short of analysts by $ 52 million or 0.3 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of IBM was $ 125.11, representing a 38.15 % increase from the 52 week low of $ 90.56 and a 21.19 % decrease over the 52 week high of $ 158.75.

The company has a market capital of $ 111.08 billion and is part of the Technology sector and Information Technology Services industry.

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Recent Stock Dividend Announcement

The board of directors has authorized quarterly dividend of $ 1.63 per share on April 28, 2020. The dividend were payable on June 10, 2020 to holders of record as of the close of business on May 8, 2020 and ex-dividend date on May 7, 2020.

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names. This segment also offers transaction processing software for use in banking, airlines, and retail industries.

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