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21.01.2014 22:20:06

IBM Q4 Profit Rises - Quick Facts

(RTTNews) - International Business Machines Corp. (IBM) Tuesday reported fourth-quarter profit of $6.2 billion or $5.73 per share, up from $5.8 billion or $5.13 per share in the same period last year.

Adjusted earnings for the quarter was $6.6 billion or $6.13 per share. On average, 22 analysts polled by Thomson Reuters expected the company to earn $5.99 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues dropped 5 percent to $27.7 billion from $29.30 billion last year. Analysts expected revenues of $28.25 billion.

Looking ahead, the company currently targets full-year 2014 earnings of $17.00 per share, with operating earnings of about $18.00 per share. Analysts currently expect full-year earnings of $16.88 per share.

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