Wednesday, October 16, 2002 4:09:02 PM
Reuters Business Report
IBM Quarterly Earnings Rise
Wednesday October 16, 4:06 pm ET
ARMONK, N.Y. (Reuters) - International Business Machines Corp. (NYSE:IBM - News) on Wednesday said its third-quarter earnings from continuing operations and before items rose as the computer services, hardware and software company offset weak demand for technology by cutting costs.
IBM said its profit excluding most of its hard disk drive operations, which it plans to sell this year, rose to $1.7 billion, or 99 cents per share, compared with $1.7 billion, or 97 cents per share, a year ago.
On that basis, the Armonk, New York-based company was expected to report earnings of 96 cents per share within a range of 90 cents to $1.02 per share, according to Thomson First Call.
http://biz.yahoo.com/rb/021016/tech_ibm_earns_1.html
IBM Quarterly Earnings Rise
Wednesday October 16, 4:06 pm ET
ARMONK, N.Y. (Reuters) - International Business Machines Corp. (NYSE:IBM - News) on Wednesday said its third-quarter earnings from continuing operations and before items rose as the computer services, hardware and software company offset weak demand for technology by cutting costs.
IBM said its profit excluding most of its hard disk drive operations, which it plans to sell this year, rose to $1.7 billion, or 99 cents per share, compared with $1.7 billion, or 97 cents per share, a year ago.
On that basis, the Armonk, New York-based company was expected to report earnings of 96 cents per share within a range of 90 cents to $1.02 per share, according to Thomson First Call.
http://biz.yahoo.com/rb/021016/tech_ibm_earns_1.html
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