IBM beats by $0.01, beats on revs; reaffirms FY14 EPS guidance
Reports Q2 (Jun) earnings of $4.32 per share, $0.01 better than the Capital IQ Consensus Estimate of $4.31; revenues fell 2.2% year/year to $24.36 bln vs the $24.1 bln consensus.
Co reaffirms guidance for FY14, sees EPS of at least $18.00 vs. $17.87 Capital IQ Consensus Estimate.
"In the second quarter, we made further progress on our transformation. We performed well in our strategic imperatives around cloud, big data and analytics, security and mobile. We will continue to extend and leverage our unique strengths to address the emerging trends in enterprise IT and transform our business, positioning ourselves for growth over the long term."
--> IBM +1,37% in after hours