SAN FRANCISCO -- IBM's(IBM Quote) second-quarter results later Thursday should come in healthy across its business lines, with special help from a new mainframe server.
The consensus estimate of analysts polled by Thomson Reuters is for revenue growth of 9% to $25.92 billion and earnings growth of 21% to $1.82 a share, excluding special items.
Shares of IBM have clawed their way back from a low of $97.59 early in the year, closing Wednesday at $125.94, just shy of its one-year high of $129.99, recorded at the end of May.
"It's been a stellar stock this year," says Chuck Jones, a buy-side analyst at Atlantic Trust Private Wealth Management. He lauded its gain of greater than 17% since the end of 2007, while the Nasdaq has lost ground. ...
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