Wall Street Addict

Computer server and software maker IBM said Monday its fourth-quarter earnings from continuing operations rose 24 percent from a year ago, beating Wall Street expectations by a wide margin.
The preliminary report, released in advance of its planned earnings report set for Thursday, sent its shares up 8 percent on premarket trading.
IBM said the weaker dollar helped to push revenue up 10 percent.
The company reported quarterly profit from continuing operations of $2.80 per share on revenue of $28.9 billion, easily beating Wall Street's consensus estimates of $2.60 per share on sales of $27.82 billion, according to a Thomson Financial poll.

Labels: IBM, IBM Inc.