IBM "Beats" Thanks To Record Low Effective Tax Rate; Posts 19th Consecutive Revenue Drop
January 19, 2017 at 18:02 PM EST
On the surface, IBM results were impressive, with Q4 (non-GAAP) EPS of $5.01 easily beating consensus of $4.89 on revenue of $21.77BN, above the $21.6BN expected. That was enough to send the stock surging in the after hours.
