I.B.M. Posts Strong Preliminary Results
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In a preliminary report, I.B.M. said its fourth-quarter earnings from continuing operations rose 24 percent from a year ago, beating Wall Street expectations by a wide margin.
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The retailer raises guidance after an impressive first quarter.
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Management's predictions turn out to be right on target.
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Investors responded by bidding I.B.M. shares above $106 in after-hours trading.
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Second-quarter earnings at International Business Machines Corp. rose 12 percent and beat Wall Street forecasts Wednesday, largely on the strength of IBM's software division and improvement in its services unit.
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Strong performances in the bankâs asset management, credit card groups and treasury services groups helped offset troubles in the investment banking unit.
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Despite a slight seasonal dip, the software maker surpasses earnings expectations, as year-over-year growth comes in strong.
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IBM announced strong second-quarter results today, with good news for both its Americas and services businesses, which previously had underperformed.
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Early results and projections better than opinion polls in recent days have suggested
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The company's fourth-quarter earnings beat analyst expectations.
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BlackBerry maker Research In Motion   Ltd. RIMM.O RIM.TO breezed past investor and analyst   expectations in delivering its second-quarter results on   Thursday and forecast strong growth in subscribers for the   future, sending its shares soaring in after-hours trade.
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Manufacturing and industrial output grew faster than analysts  expected in May, official figures show.
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International Business Machines Corp. topped fourth-quarter expectations by a healthy margin, with strong overseas sales and a weak dollar helping to generate a profit of &#36;3.04 billion.
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IBM  reported  better-than-expected preliminary quarterly results on Monday on  strong performances in Asia, Europe and emerging markets,  driving its shares up 10 percent and spurring a broader tech  rally.
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Research In Motion Limited (RIM) has reported the results of its most recent financial quarter. Both revenue and profits were higher than the previous quarter.
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EMI Group PLC, one of the world's biggest music companies, reported a small loss for the first half of its fiscal year Friday but said it expected an improvement in the second half which will reflect the release of several new albums that are already selling well.
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I.B.M. has been reorganized from a classic multinational company to become a more seamless global enterprise.