IBM is set to announce earnings this Wednesday afternoon. Analysts expect revenue to grow 3% year on year, a slowdown from the 7.7% increase in the same quarter last year. Last quarter, IBM beat revenue expectations with $15.92 billion, up 9.5% year on year. The stock is down 15.5% over the last month, heading into earnings with an average analyst price target of $271.25 compared to the current share price of $213.40.
International Business MachinesIBM reports earnings Wednesday; revenue growth expected to slow to 3% from 7.7% last year, but last quarter beat expectations.