trending Market Intelligence /marketintelligence/en/news-insights/trending/e8qy3rcgoijrb3yzvj9elg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

IBM shares fall as quarterly revenue misses expectations

Gold RRS 2020 — Top Gold Producers' Reserves In Decline

Infrastructure Issues: Understanding and Mitigating Risks

Trade Payment Risk Is Not Necessarily Default Risk

COVID-19: How can we tell which Local Governments will be most impacted by the Pandemic?

IBM shares fall as quarterly revenue misses expectations

International Business Machines Corp.'s third-quarter earnings beat estimates, but the technology giant's stock fell as its revenue slipped year over year and missed market expectations.

The company's net income increased to $2.69 billion, or $2.94 per share, in the quarter that ended Sept. 30, from $2.73 billion, or $2.92 per share, in the prior-year period.

Non-GAAP earnings from continuing operations came in at $3.42 per share, exceeding the S&P Global Market Intelligence consensus normalized EPS estimate of $3.40.

Third-quarter revenue fell year over year to $18.76 billion from $19.15 billion, missing the S&P Global Market Intelligence estimate of $19.04 billion. Technology services and cloud platforms, IBM's biggest business segment, generated revenues of $8.29 billion, down from $8.46 billion a year earlier.

Revenues from the cognitive solutions segment fell 6% year over year to $4.15 billion in the third quarter, while global business services revenues went up 1% to $4.13 billion. Systems segment revenues also increased by 1%, to $1.74 billion, while global financing sales dropped 9% to $388 million.

IBM's earnings expectations for full-year 2018 were unchanged from its previous guidance. The company projected operating EPS of at least $13.80 on a non-GAAP basis, and EPS of at least $11.60 on a GAAP basis.

Shares in IBM were down 4.84% to $138.10 as of 4:22 p.m. ET. The stock earlier closed higher by 2.83%.