| ||Dow Jones Futures Climb As Stock Market Resists China Virus; These 3 Tech Giants Rise
Futures rose as the market rally resists China virus fears. Netflix subscriber growth and IBM earnings beat, sending both stocks higher. Tesla just kept racing. ASML earnings were in line.
Wed, 22 Jan 2020 11:50:18 +0000
| ||Why one stock-market bull says he’s taking the ‘offense off the field’
Tony Dwyer, a longtime bull and strategist at brokerage Canaccord Genuity, is getting a little nervous and said it is time “to take offense temporarily off the field.”
Wed, 22 Jan 2020 11:40:00 +0000
| ||IBM Reports 2019 Fourth-Quarter and Full-Year Results
Wed, 22 Jan 2020 07:00:00 +0000
| ||IBM Shares Gain After Q4 Earnings Beat, Robust 2020 Profit Guide as Cloud Shift Takes Hold
IBM's shift to a cloud-driven growth model, following last year's $34 billion acquisition of Red Hat, is starting to gain traction under CEO Gini Rometty.
Wed, 22 Jan 2020 05:03:00 +0000
| ||IBM stock rallies after earnings show surprise revenue gain
International Business Machines Corp. shares rose in the extended session Tuesday after the technology giant turned in a surprise revenue gain, its first year-over-year sales increase in more than a year.
Wed, 22 Jan 2020 01:37:00 +0000
| ||Netflix, IBM, United All Beat Q4 Estimates
A tax accrual helped Netflix (NFLX) post a big beat on its Q4 bottom line, while IBM (IBM) and United (UAL) more modestly topped expectations.
Tue, 21 Jan 2020 22:46:10 +0000
| ||IBM forecasts full-year profit above estimates on cloud growth
Over the past few years, Chief Executive Officer Ginni Rometty has been trying to shift the company's focus to the cloud through acquisitions and also by selling some of IBM's legacy businesses. IBM bought Linux maker Red Hat Inc in a $34 billion deal last year, its biggest acquisition so far, in a push to expand its subscription-based software business. Revenue from the cloud business rose 21% to $6.8 billion in the fourth quarter, its largest so far.
Tue, 21 Jan 2020 22:29:39 +0000
| ||International Business Machines Earnings: What Happened with IBM
International Business Machines (IBM) reported Q4 earnings on Jan 21. It reversed revenue declines, but its legacy business continued to fall.
Tue, 21 Jan 2020 22:13:40 +0000
| ||IBM Earnings Beat Estimates On Cloud Computing Growth; Stock Jumps
IBM stock climbed in after-hours trading as the computing giant reported fourth-quarter results that topped Wall Street estimates. The company reported revenue of $21.8 billion.
Tue, 21 Jan 2020 21:40:24 +0000
| ||IBM Stock Rises After an Earnings Beat. The CFO Is ‘Very Pleased’ With Red Hat’s Performance.
IBM shares rose 4% in after-hours trading Tuesday following the company’s better-than-expected earnings report. The company also cited progress from Red Hat.
Tue, 21 Jan 2020 21:19:00 +0000
| ||IBM Trades Higher On Q4 Earnings Beat
IBM (NYSE: IBM ) shares are trading higher after the company reported better-than-expected fourth-quarter EPS and sales results. The company also issued fiscal year 2020 EPS guidance above analyst estimates. ...
Tue, 21 Jan 2020 21:15:44 +0000
| ||IBM Beats Estimates, Ekes Out Revenue Growth on Cloud
(Bloomberg) -- International Business Machines Corp. reported revenue in the fourth quarter that beat analysts’ estimates, breaking a streak of five consecutive declines as its push into the hybrid cloud market slowly starts to bear fruit. The shares jumped in extended trading.Sales were $21.8 billion in the quarter, up almost 0.1% from the same period a year earlier, the Armonk, New York-based company said in a statement Tuesday. Wall Street had forecast $21.6 billion.The increase stemmed from IBM’s acquisition of Red Hat, which it completed in the third quarter last year, helping boost the cloud and cognitive software division 8.7% from a year earlier. Total cloud revenue was $6.8 billion, the highest ever.Chief Executive Officer Ginni Rometty is hanging the company’s future on the market for hybrid cloud, which allows companies to store data in cloud servers on private and multiple public clouds run by its rivals Amazon Web Services and Microsoft Corp.’s Azure. IBM spent $34 billion in 2018 to acquire Red Hat to help kick this strategy into gear. The company plans to use Red Hat to offer enhanced security services and applications in the hybrid cloud.Red Hat contributed $1 billion in revenue in the quarter ended Dec. 31, but IBM was only allowed to recognize $573 million of that due to U.S. accounting standards. IBM reported earnings excluding some costs of $4.71 a share, beating the average analyst estimate of $4.69. The company said it expects adjusted earnings per share of at least $13.35 for 2020, ahead of Wall Street’s projections for $13.29.Global Technology Services, which represents about 30% of IBM’s overall revenue, continued to decline. The technology consulting unit had revenue of $6.9 billion, which is down 4.8% from the same period last year. Global Business Services also declined, to $4.2 billion -- a 0.6% drop from a year earlier.Once the world leader in technology, IBM has lagged behind rivals for years after largely missing the cloud revolution. “The company has been struggling in a raging bull market for tech stocks,” said Ivan Feinseth, a director of research and analyst at Tigress Financial. “All types of tech companies have been growing expect for IBM.”IBM has long struggled with revenue growth, a factor that has weighed on shares. The stock rose about 4% in extended trading following the report.To contact the reporter on this story: Olivia Carville in New York at email@example.comTo contact the editors responsible for this story: Molly Schuetz at firstname.lastname@example.org, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Tue, 21 Jan 2020 21:07:38 +0000
| ||US STOCKS-Wall Street loses ground as China virus spooks investors
Wall Street backed away from all-time highs on Tuesday as investors returned from a holiday weekend to face a viral outbreak in China and a downbeat global growth outlook from the International Monetary Fund (IMF). The indexes extended their losses after the Centers for Disease Control and Prevention confirmed the first U.S. case of the coronavirus, which has now killed six people in China. United Airlines was down 5.3%, while Carnival Corp dipped 2.6%.
Tue, 21 Jan 2020 19:29:07 +0000
| ||Trump in Davos, Global Economic Outlook, Netflix Earnings & A Strong Buy Tech Stock - Free Lunch
The latest global economic news, which includes a deadly virus that began in central China. Trump's speech in Davos. Uber news. What to expect from Netflix earnings. And why GoDaddy (GDDY) is a Zacks Rank 1 (Strong Buy) stock right now...
Tue, 21 Jan 2020 19:19:07 +0000
| ||US STOCKS-China virus outbreak impedes Wall Street rally; Netflix earnings on deck
Wall Street's main indexes paused near all-time highs on Tuesday, as concerns about the fallout from a deadly virus outbreak in China and a downbeat growth outlook from the IMF prompted investors to lock in recent gains. The tech-heavy Nasdaq, however, hit a record in late morning trade, helped by positive research recommendations on Tesla Inc and Intel Corp. 71% of the 46 S&P 500 companies that have reported results so far, have topped Wall Street's profit estimates, according to Refinitiv IBES data.
Tue, 21 Jan 2020 18:38:21 +0000
| ||US STOCKS-S&P 500 loses ground amid China virus outbreak, growth fears
The benchmark S&P 500 slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF prompted investors to lock in recent gains. With the virus spreading just ahead of the Chinese New Year holidays, the S&P 1500 airlines index fell 2.4%. Hotel and casino operators Las Vegas Sands Corp and Wynn Resorts Ltd, both of which have large operations in China, dropped about 5%.
Tue, 21 Jan 2020 16:58:59 +0000