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To: expat_panama

http://www.businesswire.com/news/home/20141020005535/en/IBM-Reports-2014-Third-Quarter-Results

IBM Reports 2014 Third-Quarter Results

Diluted EPS from continuing operations:
GAAP: $3.46, down 8 percent;
Operating (non-GAAP): $3.68, down 10 percent;
Net income from continuing operations:
GAAP: $3.5 billion, down 17 percent;
Operating (non-GAAP): $3.7 billion, down 18 percent;

Consolidated results, including net loss on discontinued operations of $3.4 billion:
Net income: $18 million
EPS: $0.02
Gross profit margin from continuing operations:
GAAP: 48.6 percent, down 40 basis points;
Operating (non-GAAP): 49.2 percent, down 90 basis points;
Revenue from continuing operations: $22.4 billion:
Down 4 percent; down 2 percent adjusting for divested customer care outsourcing business and currency;


24 posted on 10/20/2014 4:07:54 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: All

Monday’s futures were all green until about 7am EDT...now taking a big drop.


25 posted on 10/20/2014 4:28:04 AM PDT by Drago
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To: abb
Spot the moment IBM announced a clunker quarter and lowered guidance?


26 posted on 10/20/2014 4:37:02 AM PDT by Wyatt's Torch
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