IBM Posts Slight Rise in 3Q Profit
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Computer giant International Business Machines Corp. on Monday posted a slight rise in third-quarter profit and topped Wall Street expectations, helped by strong demand for services and computer hardware across all of its geographic regions.
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Investor's Business Daily - IBM exceeded analysts&#39; second-quarter earnings forecasts Wednesday on strong software sales, driving up its stock price 3% in after-hours trading.
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U.S. computer firm IBM  raised  US$123 million by selling about 3.5 percent of number three  global PC maker Lenovo Group Ltd. (0992.HK), a term sheet  showed, triggering a 7 percent share slide before a suspension  kicked in.
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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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Third-quarter profit, helped by sales of jet fighters and electronic warfare systems, beat Wall Street expectations, but the companyâs forecast for next year was slightly below analystsâ estimates.
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After loss last year, business software company Siebel Systems Inc. turned to a profit in its third quarter , helped by smaller restructuring expenses.
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U.S. blue chips rose slightly on  Tuesday on better-than-expected earnings from tech bellwethers  IBM Corp. IBM.N and Texas Instruments Inc. TXN.N and lower  oil prices but losses by health insurers kept a lid on gains.
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Technology industry bellwether IBM has reported a healthy rise in net income in the third quarter, but its overall results were hampered by a $320m legal settlement related to its employee pension plan.
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Southern Co. (SO.N: Quote, Profile, Research) , which supplies power to the US Southeast, said Thursday its third-quarter earnings rose slightly, as increased energy use in the industrial
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Motorola Inc  on Thursday posted a small third quarter profit from continuing operations and forecast another profit for the current quarter even as revenue fell from a year ago.
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IBM, a barometer of trends in the computing business, has reported a solid quarterly performance that pointed to modest if uneven improvement in the corporate technology sector.
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International Business Machines Corp.  on Tuesday posted a quarterly net profit that beat Wall Street's recently raised profit target as solid year-end product sales were buoyed by a weaker U.S. dollar.
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The personal computer maker said its net income increased to $733 million, benefiting from lower costs for disk drives, microprocessors and other components.
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Deutsche Bank said that its bottom-line earnings rose strongly in the third quarter, thanks to a partial improvement in underlying business and lower costs and risk provisions.
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U.S. employment costs rose by slightly less than expected in the third quarter this year, up 0.9 percent, as benefit costs posted their smallest rise since early 2002, a government report showed on Friday.
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DaimlerChrysler's (DCXGn.DE) third-quarter operating profit rose 7 percent, just below analyst expectations, as gains at U.S. arm Chrysler helped offset weaker earnings at premium carmaker Mercedes.
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Truck leasing and logistics company Ryder System Inc  posted slightly higher quarterly profit on Wednesday as its supply chain solutions business offset falling demand for commercial rentals amid the slowing U.S. economy.