IBM Waking Up From the Dead
Add to Bookmarks International Business Machines Corp. (IBM) reports Q4 2020 results after Thursday’s U.S. closing bell, with analysts expecting a profit of $2.05 per-share on $20.57 billion in revenue. If met, earnings-per-share (EPS) will mark a troubling 56% profit decline, compared to the same quarter in 2019. The stock fell 6.5% in October after meeting modest top and bottom line estimates, consistent with the company’s long-term status as a market laggard. Advertisement Start Trading IBM Acquisition Binge Ahead of Spin-Off However, bullish stars are aligning for strong price action ...
Source: fxempire.com