IBM Beats on Top and Bottom Lines, Cloud Sales Rise
IBM beat on its top and bottom line for the fourth quarter of 2016 and issued upbeat earnings guidance for 2017.
IBM (IBM) - Get Report beat on its top and bottom line for the fourth quarter of 2016 and issued upbeat earnings guidance for 2017. Big Blue posted adjusted earnings of $5.01 per share, exceeding analysts' expectations of $4.88 per share. Revenue declined 1% year-over-year to $21.8 billion, but still managed to beat Wall Street's estimates for $21.6 billion in revenue.
