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IBM Recovers in Q3 Driven by Software Reacceleration

Investor's Business Daily +3 ·

IBM International Business Machines Corp
$251.46 +3.94%
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  1. 1IBM's earnings per share of $2.95 exceeded the consensus estimate of $2.88.
  2. 2IBM showed a recovery trend in Q3, recording an 11.3% profit growth rate year-over-year.
  3. 3Management warned that double-digit growth in transaction processing will moderate in Q4.

So what's the key point?

IBM earned more profit than experts expected. The profit growth rate reached 11.3%, showing a recovery trend.

Source Investor's Business Daily +3 · View original ↗

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