![]()
| As of Friday, November 13th: |
As of October 1st, the earnings growth rate was at -24.7%.Of the 463 S&P 500 companies who have reported Q3, 80% beat estimates, 6% were in-line, and 14% were below estimates. The blended earnings growth rate for the S&P 500 for Q3 2009 is currently at -13.8%. (Data provided by Thomson Reuters)
LATEST EARNINGS RESULTS
- Fed to Keep Rates Low Despite Dollar's Fall: Bernanke
- Millions Could Have to Repay Part of Obama's Tax Credit
- Fed's Fisher: Government Debt Could Push Rates Higher
- Faber: Paulson Funds Have Solid Quarter, Up Big for Year
- What Recovery? Many Homeowners Still Underwater
- Gold Is in a 'Bubble' And Will Keep Going Higher: Gartman
- Diamonds: The Next Big Bubble to Burst?
- Slideshow: Madoff's Luxury Boats Go Up for Auction
- Solar Energy Emerges From a Dark Period
- My Ratings on Lowe's & Home Depot: Analyst
- S&P Stocks Trading at New 52-Week Highs
- Snoop Dogg Talks Biz
- Paulson Funds Report Q3 Performance
- Warren Buffett's Berkshire Portfolio Snapshot Coming Later Today
- 'Blood and Business Don't Mix' — A Family Business Survival Guide
- Mixed Signals Come From Retail Sector as Holidays Draw Near
- Will the S&P 500 Close Above 1100?
- What Were The Northwest Pilots Really Doing?
MOST SHARED
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- Fed Likely to Keep Rates Low Despite Dollar's Fall: Bernanke
- Underwater Mortgages Could Sink Even Deeper
- Millions May Have to Repay Part of Obama Tax Credit
- U.S. May Wind Up Green With Envy
- BlackRock: Central Banks To Be Net Buyers of Gold
- Bernanke Offers Something For Everyone
- Madoff Auction: $4,750 for a Decoy Duck?
- Several Credit Card Companies See Default Rate Fall
- Diamonds: The Next Big Bubble to Burst?
International Business Machines said its third-quarter profit jumped nearly 20 percent, surpassing analysts' estimates. However, slumping hardware sales hurt the technology company's revenue, which missed Wall Street's forecast.
The reported results came out in line with pre-announced figures the company gave last week.
![]() |
Aaron Brown |
Excluding one-time items, the technology services company said it earned $2.05 a share on sales of $25.3 billion in the third quarter, against earnings of $1.68 a share on a topline of $24.119 billion last year.
Just last week, IBM said it earned $2.05 per share in the July-September period and that sales increased 5 percent to $25.3 billion. At the time, IBM's profit was 4 cents per share above Wall Street estimates, although sales were $1 billion below consensus.
In a closely watched indicator, IBM signed $12.7 billion in new services contracts in the quarter, down 4 percent, which still showed it was able to lock in lots of new business despite the tough economic times. Short-term contract signings were up 13 percent to $6.1 billion.
IBM gets about half its revenue from annuity-like payments flowing from contracts it may have inked months or years ago for services like consulting or technology outsourcing.
Analysts adjusted their forecasts after IBM's pre-announcement to a profit of $2.03 a share on sales of $25.878 billion, according to a consensus compiled by Thomson Reuters.
Shares of IBM [IBM
Loading...
()
], which completed regular New York Stock Exchange trading up 3.66 percent at $91.52 on Thursday, edged more than 1.5 percent higher after market hours.
IBM's shares fell by more than 25 percent between the end of September and its 52-week low of $83.51 on Oct. 10. The stock has since rebounded off the worst of those declines.
- JC Penney Profit Falls, but Shares Up on Forecast
U.S. department store operator JC Penney forecast earnings for the holiday quarter that could surpass Wall Street expectations, and its shares rose about 8 percent on Friday.
- Disney Profit, Sales Top Forecasts; Shares Jump
Walt Disney shares rose in after-hours trading Thursday after the company reported earnings and revenue that beat analysts' expectations.
- Nordstrom Earnings Miss Forecasts; Shares Take Hit
Nordstrom reported earnings that missed analysts expectations by a penny but beat on revenue, causing the company's shares to fall in after-hours trading.
- JC Penney Profit Falls, but Shares Up on Forecast
- Wal-Mart Holiday Forecast Light, Profit Beats
Wal-Mart Stores posted a higher-than-expected quarterly profit, but forecast earnings during the key holiday quarter that could miss Wall Street estimates as its customers face rising unemployment.
- Wal-Mart Holiday Forecast Light, Profit Beats
- Kohl's Profit Beats Street, But Outlook Falls Short
- Vivendi Profit Up More Than 5%, Keeps 2009 Goals
- Cost Cuts Help BT to Raise Full-Year Guidance
- Applied Materials Profit, Sales Top Wall Street Forecasts
- Macy's Loss Beats Estimates, But Shares Fall on Outlook
- Vodafone Extends Cost-Cutting Scheme, Hits Targets
- Tyco International Profit Falls Less Than Expected
- EA Profit Beats Street, Announces Job Cuts
- Priceline Crushes Profit Forecasts; Shares Jump
- Berkshire Hathaway Says Net Income Tripled
- Sun Micro Sales Fall as Oracle Deal Remains Delayed
- AIG in the Black Again, Operating Profit Tops View
- Starbucks Profit Beats Forecasts; Shares Rise
- Fannie Mae Seeks $15 Billion in Aid After Posting Loss
- Nvidia Profit, Sales Top Wall Street's Forecast









