IBM came in swinging on Monday when it reported Q3 earning results. The company’s adjusted earnings of $3.29 per hare topped Wall Street estimates from analysts of $3.24 a share.
Revenue at $19.2 billion also topped analysts estimates of $19 billion. Unfortunately the quarter also marked the computer chip company’s 18th straight quarter of declining sales.
CEO Ginni Rometty seemed thrilled with the results as she remarked, “Whether it is banks implementing IBM blockchain solutions, hospitals leveraging Watson to fight cancer, or retailers using cognitive apps built on the IBM Cloud to transform the customer experience, clients across all industries are tapping into a new kind of innovation value from IBM.”
Disclaimer: We have no position in IBM Common Stock (NYSE: IBM) and have not been compensated for this article.