IBM Issues Preliminary 2007 Fourth-Quarter and Full-Year Results

Discussion in 'Stocks' started by ASusilovic, Jan 14, 2008.

  1. RMONK, N.Y.--(BUSINESS WIRE)--IBM (NYSE: IBM - News) today announced fourth-quarter 2007 diluted earnings of $2.80 per share from continuing operations, an increase of 24 percent, compared with diluted earnings of $2.26 per share in the fourth quarter of 2006. The company also reported fourth-quarter revenue of $28.9 billion, an increase of 10 percent as reported, including 6 points of currency benefit, compared with the fourth quarter of 2006.
  2. Interesting they release "preliminary" earnings before the actual scheduled earnings THU after market close :confused:

    Futures spiking up on the news
  3. No manipulation their.

  4. you have heard of preannouncing, right?
  5. Guess wallstreet needed any good news it could find so some big banks spent all weekend trying to convince the one company they could find to release some good news.

    This was to offset the bad news yet to come.
  6. myminitrading, what's up! Hope you're doing well :)