UBS Raises Price Target on IBM (IBM) to $150; Remains Sidelined Following 1Q

Disappointing Margins Pressures Shares of IBM (IBM) - RBC

April 19, 2016 7:18 AM EDT

RBC Capital analyst, Amit Daryanani, sees further declines in IBM's (NYSE: IBM) revenue and kept his Sector Perform rating. His note contained facts about the quarter but little in the form of opinion seeming to indicate that he is not warming to the story.

IBM reported upside to Mar-qtr revenue/ EPS driven by f/x, acquisitions & Japan Tax refund. Demand remains muted though IBM is executing well on its strategic... More

IBM (IBM) Announces Closure of Aperto Acquisition

April 19, 2016 6:03 AM EDT

IBM (NYSE: IBM) announced it has completed the acquisition of Aperto -- a leading digital agency with headquarters in Berlin, Germany to join... More

After-Hours Stock Movers 04/18: (HRTX) (CE) (BMI) Higher; (ILMN) (NFLX) (SUNE) Lower (more...)

April 18, 2016 6:12 PM EDT

Today's After-Hours Stock Movers:

Applied Optoelectronics, Inc. (NASDAQ: AAOI) 20.9% LOWER; Total revenue in the first quarter 2016 is expected to be between $50.0 million and $50.5 million, within the company's guidance range of $50 million to $54 million. The company expects to report a GAAP net loss in the first quarter 2016 between $1.5 million and $1.8 million, or $0.09 and $0.11 per basic share. On a non-GAAP basis, the company expects a net loss between $0.7 million and $1.0 million, or $0.04 and $0.06 per basic share, using approximately 16.9 million shares. This is below the previous non-GAAP net income guidance range of... More

IBM reports worst revenue in 14 years, shares slide

April 18, 2016 4:20 PM EDT

By Narottam Medhora

(Reuters) - International Business Machines Corp (NYSE: IBM) reported its worst quarterly revenue in 14 years as results from newer businesses including cloud and mobile computing failed to offset declines in its traditional businesses, sending shares down nearly 5 percent in extended trading.

Revenue of the world's largest technology services company fell 4.6 percent to $18.68 billion in the first quarter, but beat analysts' average estimate of $18.29... More

IBM (IBM) Tops Q1 EPS by 26c

April 18, 2016 4:09 PM EDT

IBM (NYSE: IBM) reported Q1 EPS of $2.35, $0.26 better than the analyst estimate of $2.09. Revenue for the quarter came in at $18.7 billion versus the consensus estimate of $18.28 billion.

Maintains full-year operating (non-GAAP) EPS expectations of at least $13.50.

"We are pleased with the progress we have made helping our... More

Investors look for trough in profit downturn

April 15, 2016 2:22 PM EDT

By Caroline Valetkevitch

NEW YORK (Reuters) - As earnings season shifts into high gear next week in what is expected to be the weakest U.S. quarterly results reporting period since 2009, the hope among some is that this is as bad as it's going to get.

The U.S. earnings recession that began in the third quarter of 2015 is expected to continue until the second quarter, with profits slated to fall 2.2 percent - not as bad as the nearly 8 percent drop expected in the first quarter.

Reporting ramps up next week, with results from top tech names... More