IBM is due to release its fourth quarter earnings later today. Recent data have left a lot to be desired, and so far IBM stocks are down for the fiscal year after third quarter disappointments. To its credit, IBM took heart from last quarter’s disastrous drop in profits to readjust its focus, putting more emphasis on cloud computing and other relatively recent technological advancements. On Friday, IBM rose 1.66% to $157.14 per share, showing consumer confidence in IBM’s growth. While the markets reopen today after a long weekend, results are only to be released after today’s closing bell.
January 20, 2015 – Stock Market News
IBM is due to release its fourth quarter earnings later today. Recent data have left a lot to be desired, and so far IBM stocks are down for the fiscal year after third quarter disappointments. To its credit, IBM took heart from last quarter’s disastrous drop in profits to readjust its focus, putting more emphasis on cloud computing and other relatively recent technological advancements. On Friday, IBM rose 1.66% to $157.14 per share, showing consumer confidence in IBM’s growth. While the markets reopen today after a long weekend, results are only to be released after today’s closing bell.