IBM (NYSE:IBM) reported its Q1 earnings results on Wednesday, April 19, 2023 at 04:08 PM.
Here’s what investors need to know about the announcement.
Earnings
IBM beat estimated earnings by 7.94%, reporting an EPS of $1.36 versus an estimate of $1.26.
Revenue was up $55.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 4.48% drop in the share price the next day.
Here’s a look at IBM’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 3.6 | 1.78 | 2.28 | 1.38 |
| EPS Actual | 3.6 | 1.81 | 2.31 | 1.40 |
| Revenue Estimate | 16.40B | 13.55B | 15.25B | 13.85B |
| Revenue Actual | 16.69B | 14.11B | 15.54B | 14.20B |
To track all earnings releases for IBM visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
