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IBM Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga • • business
Key Points:
- International Business Machines Corporation (IBM) is set to release its second quarter earnings report after market close on July 22.
- Analysts forecast earnings of $2.92 per share, an increase from $2.80 per share in the same quarter last year, with expected revenue of $17.33 billion.
- IBM previously guided for second-quarter revenue of $17.2 billion, which is a 1% increase year-over-year but below the Wall Street consensus estimate of $17.86 billion.
- IBM shares declined 1.2% to close at $210.50 on the day before the earnings release.
- Benzinga provides access to the latest analyst ratings and insights on IBM's stock performance and outlook.
