17.10.2016 22:48:42

IBM Affirms FY16 Operating EPS Guidance - Quick Facts

(RTTNews) - IBM (IBM) announced the company continues to expect 2016 operating (non-GAAP) earnings per share of at least $13.50 and GAAP earnings per share of at least $12.23. Earnings per share exclude $1.27 per share of charges for amortization of purchased intangible assets, other acquisition-related charges and retirement-related charges. There is no change to IBM's previously-provided free cash flow guidance.

Analysts polled by Thomson Reuters expect the company to report profit per share of $13.51. Analysts' estimates typically exclude special items.

IBM ended the third-quarter with $10.0 billion of cash on hand. Debt, including Global Financing debt of $26.1 billion, totaled $42.5 billion. Core (non-Global Financing) debt totaled $16.4 billion.

Shares of IBM were down more than 3% after hours.

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IBM Corp. (International Business Machines) 250,15 -0,56% IBM Corp. (International Business Machines)