IBM Quarter Looking Good
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IBM shares have been on a consistent run since last quarter’s impressive earnings beat, and many on Wall Street expect another solid performance when the company reports Thursday after the close.
For the fourth quarter, analysts polled by Thomson First Call peg Big Blue to make a profit of $2.19 a share on sales of $25.66 billion. “We expect IBM to post strong fourth-quarter results,” Toni Sacconaghi, an analyst with Bernstein Research, wrote in a Tuesday note. His estimates are 6 cents above the current consensus on EPS and $320 million higher than the average revenue forecast.
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