IBM Q3 Earnings Beat with After-Hours Weakness

3 months ago

Scarlett Fu

"All right, IBM crossing the Bloomberg terminal. Here's the red sticky. The number that jumps out. Third quarter revenue folks slight beat 16.33 billion versus an estimate of 16.1 billion. Software revenue of 7.21 billion came in in line with expectations and fiscal year free cash flow guidance was also above estimates. However, a quick check shows the stock is down three and a half percent in the aftermarket."

The IBM update reveals a slight beat in Q3 revenue and software revenue meeting estimates, alongside an upward revision in free cash flow guidance. Despite these positive fundamental results, the stock has reacted negatively in after-hours trading, indicating potential concerns among investors.

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