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IBM Tops Q4 Expectations by $1B

Strong sales to developing markets send Big Blue stock soaring

By Jim O'Neill, Newser User

Posted Jan 14, 2008 10:20 AM CST

(Newser) – IBM shares soared after the company released preliminary quarterly earnings today that beat Wall Street’s predictions by $1 billion, reports Bloomberg. Shares popped 8% in early trading after the company said “strong operational performance in Asia, Europe, and emerging countries” helped it to a 24% bump in earnings from continuing operations, to $2.80 per share. Analysts had predicted $2.60.

Sales for the fourth quarter gained 10% to $28.9 billion, exceeding the $27.7 billion analysts estimated. IBM’s 2007 per-share earnings are up 18% over a year ago to $7.18, the company said; full results will be available Thursday. The company has increased staff in countries whose economies are outperforming the US economy to about 100,000.

Former President George H.W. Bush, right, shakes the hand of Samuel J. Palmisano, Chairman of the Board, President and Chief Executive officer, IBM Corporation at the 2007 National Conference on Volunteering... (Associated Press)

The IBM logo at the main campus in Research Triangle Park, N.C. is seen in this July 31, 2007 file photo. (Associated Press)

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IBM Tops Q4 Expectations by $1B

Strong sales to developing markets send Big Blue stock soaring

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What Slump? Big Blue Sees Growth

IBM had a good Q4 and says its business services and software sales are solid

Oracle Stock Dives 8% on Flagging Q3 Revenue

Despite a 30% jump in profits, investors worry the software maker is vulnerable

Strong Overseas Growth Buoys IBM Sales

Despite a lagging US economy, there's hope for multinational tech firms overseas

Chrysler Roars to $225M Profit

Finishes first profitable year since its bankruptcy

Apple Earnings Soar on Huge iPhone Sales

Company sells 37M as earnings double

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Strong sales to developing markets send Big Blue stock soaring

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OTHER STORIES ON OUR RADAR

IBM • corporate earnings • computer services

MOST POPULAR STORIES

[ By Views ]

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More Newser Stories

What Slump? Big Blue Sees Growth

IBM had a good Q4 and says its business services and software sales are solid

Oracle Stock Dives 8% on Flagging Q3 Revenue

Despite a 30% jump in profits, investors worry the software maker is vulnerable

Strong Overseas Growth Buoys IBM Sales

Despite a lagging US economy, there's hope for multinational tech firms overseas

Chrysler Roars to $225M Profit

Finishes first profitable year since its bankruptcy

Apple Earnings Soar on Huge iPhone Sales

Company sells 37M as earnings double

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Newser By Users

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