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Wednesday, October 16, 2002 5:41:04 PM
17:32 ET IBM Q4 guidance clarification (IBM) 64.90 -3.58: -- Update -- In Q&A portion, was asked to clarify its Q4 guidance with respect to PwC contribution... company says that current Street revenue estimate implies 12% sequential growth and that it is comfortable with that range when including revenues from PwC Consulting... IBM +5.00 at 69.90
17:29 ET IBM "generally comfortable" with Q4 estimates (IBM) 64.90 -3.58: -- Update -- On call, says it will begin to benefit from the enhanced revenue contribution from the PwC acquisition in Q4 and notes it is generally comfortable with the range of analyst expectations for its Q4 performance (current Multex consensus is $1.34 EPS and revenues of $22.27 bln), but adds that PwC contribution hasn't been accounted for in most analyst models... separately, says it's not ready to give specific 2003 guidance... IBM +4.99 at 69.89
17:20 ET After Hours Indications : The late session tone is solidly positive behind IBM's results. S&P futures at 867, trade six points above fair value while the Nasdaq 100 after hours indicator is higher by 7.5 points.
17:29 ET IBM "generally comfortable" with Q4 estimates (IBM) 64.90 -3.58: -- Update -- On call, says it will begin to benefit from the enhanced revenue contribution from the PwC acquisition in Q4 and notes it is generally comfortable with the range of analyst expectations for its Q4 performance (current Multex consensus is $1.34 EPS and revenues of $22.27 bln), but adds that PwC contribution hasn't been accounted for in most analyst models... separately, says it's not ready to give specific 2003 guidance... IBM +4.99 at 69.89
17:20 ET After Hours Indications : The late session tone is solidly positive behind IBM's results. S&P futures at 867, trade six points above fair value while the Nasdaq 100 after hours indicator is higher by 7.5 points.
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