LIVE: here come IBM earnings

Advertisement
LIVE: here come IBM earnings

IBM Virginia Rometty

Brendan McDermid/Reuters

IBM CEO Ginni Rometty

Advertisement
IBM is due to report earnings on Tuesday afternoon after the close of market.

Shares of IBM have increased 27% so far this year, as the company sheds underperforming businesses. But there are big questions about its planned $34 billion acquisition of RedHat.

Here's what Wall Street is expecting:

  • Revenue: $18.51 billion, down from $19.1 billion, according to analyst expectations.
  • EPS (adjusted): $2.22, according to analyst expectations.

Last quarter, IBM announced that it showed annual revenue growth for the first time since 2011.

Business Insider will be covering IBM's Q1 financial results as soon as they are released so refresh this page or click here for real time updates.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Get the latest IBM stock price here.

NOW WATCH: 13 details you missed in the 'Game of Thrones' season 8 premiere

{{}}
Next StoryThe biggest video game in the world is coming to theaters, but it's still a few years away