Earnings on Tap: IBM
The tech giant as been continually adjusting its product portfolio, enabling the company to generate healthy profits.
Tech giant International Business Machines (IBM) will be reporting second-quarter results after the bell Wednesday. Earnings are likely to come in at $3.78 per share compared with $3.34 per diluted share reported in the year-ago period.
In the first quarter, the company's earnings missed Wall Street estimates, though it was only the second time in a decade that IBM's results were short of forecasts. First-quarter net profit declined 1% to $3.0 billion while total revenue fell 5% from the year ago period to $23.4 billion.
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