{"id":91478,"date":"2023-10-26T03:30:00","date_gmt":"2023-10-25T23:30:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=91478"},"modified":"2023-10-26T09:16:14","modified_gmt":"2023-10-26T05:16:14","slug":"ibms-profits-revenues-beat-expectations","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ibms-profits-revenues-beat-expectations\/10\/26\/market-updates\/","title":{"rendered":"IBM&#8217;s profits, revenues beat expectations"},"content":{"rendered":"\n<p>IBM&#8217;s adjusted earnings for the third quarter of 2023 rose to $2.20 per share, versus expectations issued by the &#8220;Street Account&#8221; market research firm, which indicated $2.13 per share.<br><br>The company&#8217;s revenues rose in the same period to $14.75 billion, compared to expectations which indicated $14.73 billion.<br><br>The markets&#8217; direct reaction to the rise in the company&#8217;s profits and revenues to levels higher than expectations was that IBM shares rose by about 1.00% at the close of Wall Street trading on Wednesday.<br><br>The company&#8217;s revenues witnessed an increase of 4.6% on an annual basis, that is, compared to the performance recorded in the same period last year. The company&#8217;s net income also increased by about $1.70 billion in the quarter ending last September 30, compared to losses the company suffered in the same period last year of $3.20 billion.<br><br>The company expected an increase in revenue growth between 3.00% and 5.00% and the provision of liquidity flows worth $10.5 billion. The company succeeded in managing $5.12 billion in liquidity flows in the past nine months of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IBM&#8217;s adjusted earnings for the third quarter of 2023 rose to $2.20 per share, versus expectations issued by the &#8220;Street Account&#8221; market research firm, which indicated $2.13 per share.The company&#8217;s revenues rose in the same period to $14.75 billion, compared to expectations which indicated $14.73 billion.The markets&#8217; direct reaction to the rise in the company&#8217;s &hellip;<\/p>\n","protected":false},"author":13,"featured_media":68659,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7855,7349,9541],"class_list":["post-91478","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-ibm","tag-profits","tag-revenues"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=91478"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91478\/revisions"}],"predecessor-version":[{"id":91487,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91478\/revisions\/91487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/68659"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=91478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=91478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=91478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}