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IBM Q4 2023 earnings results beat EPS and revenue expectations

IBM posted some solid results to round out its financial year.

Donovan Erskine

January 24, 2024 2:55 PM

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IBM is out with its earnings for Q4 2023, detailing its financial performance over the final period of the fiscal year. The tech company turned in some impressive results, showing a beat on both earnings and revenue for Q4.

IBM’s Q4 2023 earnings report was published following the close of markets today. The company’s $3.87/share comfortably beat the expectation of $3.78/share. IBM also posted $17.38 billion in revenue against a $17.3 billion expectation. CEO Arvind Krishna provided a statement in the release.

IBM stock skyrocketed in after-hours trading following the release of the earnings report, hitting as high as $187.88 after ending the day at $174.05. Be sure to bookmark our finance page for all of the earnings news hitting the business world this week.

Donovan Erskine

News Editor

Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_