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Rashmi Kumari

What You Need to Know Ahead of International Business Machines' Earnings Release

International Business Machines Corporation (IBM), headquartered in Armonk, New York, is a global leader in information technology, providing a wide range of services, software, and hardware solutions. With a market cap of $207.60 billion, IBM drives innovation in artificial intelligence, cloud computing, and enterprise solutions, helping businesses across industries transform their operations. The company is set to announce its Q3 earnings after the market closes on Wednesday, Oct. 23.

Ahead of the event, analysts expect IBM to report a profit of $2.25 per share, up 2.3% from $2.20 in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates in its last four quarterly reports.

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