1987-10-19, English, Article, Journal or magazine article edition: IBM profit rises 12 percent in 3d quarter. (IBM profits rise for the third quarter ending September 1987)

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Physical Description
  • Magazine/​Journal article
Published
  • Reed Business Information, Inc. (US), 1987 Oct 19
Language
  • English

Edition details

Title
  • IBM profit rises 12 percent in 3d quarter. (IBM profits rise for the third quarter ending September 1987)
Also Titled
  • IBM profit rises 12 percent in 3d quarter.
Appears In
  • Electronic News, v33, no.n1677, 1987 Oct 19, p46(2) (ISSN: 0013-4937)
Published
  • Reed Business Information, Inc. (US), 1987 Oct 19
Physical Description
  • Magazine/​Journal article
Subjects
Target Audience
  • Trade
Summary
  • IBM reports net earnings of $1.208 billion or $2 a share for the three months ending Sep 30, 1987 compared with $1.077 billion for the three months ending a year earlier. Analysts say the profit from operations before other income and taxes were a flat $1.562 billion against 3rd qtr profits of $1.561 billion in 1986. IBM earnings show a 12 percent increase in revenues in comparison to a six percent increase in 1986. IBM gross earnings were $12.727 billion compared to $11.91 million a year earlier. IBM said net earnings were higher because: $80 million was earned in the sale of Intel stock; lower value of the US dollar by an estimated $65 million, and lower effective tax rate which cut the assessment by $59 million. Investors disappointed with IBM results traded 3.2 million IBM shares down four points to 148.75 on Tuesday, Oct 13, 1987.
Language
  • English
Database
  • Gale Academic OneFile
  • Gale General OneFile
  • Gale Expanded Academic
Identifier
  • 6011288

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Edith Cowan University. Edith Cowan University Library. Open to the public Periodical; Journal, magazine, other English
Griffith University. Griffith University Library. Open to the public .b14692065; Electronic Resource : Publ. may restrict Doc. Del. Periodical; Journal, magazine, other English
Methodist Ladies' College - Melbourne. MLC Libraries. May not be open to the public Not for ILL Periodical; Journal, magazine, other English
National Library of Australia. Open to the public 756421; Sf 338.47621381 ELE; Vol. 13, no. 645-v. 36, no. 1830 Aug. 6, 1956-Oct. 8, 1990 [Imperfect] Periodical; Journal, magazine, other English
SAE Creative Media Institute - Australia. SAE - Byron Bay. May not be open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
Southern Cross University. University Library Lismore. Open to the public 991012584420402368; Subject to licence conditions Periodical; Journal, magazine, other English
State Library of NSW. Open to the public R NF621.38105/1; Vol. 19, no. 978 (3 June 1974)-v. 29, no. 1465 (3 Oct. 1983) Periodical; Journal, magazine, other English
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National Library of Australia. Open to the public 756421; Sf 338.47621381 ELE; Vol. 13, no. 645-v. 36, no. 1830 Aug. 6, 1956-Oct. 8, 1990 [Imperfect] Periodical; Journal, magazine, other English
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Library Access Call number(s) Formats held Language
SAE Creative Media Institute - Australia. SAE - Byron Bay. May not be open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
Southern Cross University. University Library Lismore. Open to the public 991012584420402368; Subject to licence conditions Periodical; Journal, magazine, other English
State Library of NSW. Open to the public R NF621.38105/1; Vol. 19, no. 978 (3 June 1974)-v. 29, no. 1465 (3 Oct. 1983) Periodical; Journal, magazine, other English
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Griffith University. Griffith University Library. Open to the public .b14692065; Electronic Resource : Publ. may restrict Doc. Del. Periodical; Journal, magazine, other English
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Methodist Ladies' College - Melbourne. MLC Libraries. May not be open to the public Not for ILL Periodical; Journal, magazine, other English
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