IBM posts strong preliminary results for Q4

Posted on January 14, 2008 - 10:55 by AP (via Yahoo)

Computer server and software maker IBM said Monday its fourth-quarter earnings from continuing operations rose 24% from a year ago (to $28.9 billion), 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 6% in morning trading. IBM said the weaker dollar helped to push revenue up 10%.

Read the complete story here.

Advertisement