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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 journalist from Maryland. 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 film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_