2000-04-19, English, Article, Other article edition: IBM profit gains 3%, but revenue falls; earnings beat expectations despite decline in sales of computer hardware.(first-quarter net income) Auerbach, Jon G.

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Physical Description
  • Newspaper article
Published
  • Dow Jones &​ Company, Inc., 2000 April 19
Language
  • English

Edition details

Title
  • IBM profit gains 3%, but revenue falls; earnings beat expectations despite decline in sales of computer hardware.(first-quarter net income)
Also Titled
  • IBM profit gains 3%, but revenue falls; earnings beat expectations despite decline in sales of computer hardware.
Appears In
  • The Wall Street Journal Western Edition, 2000 April 19, A3(W) pA3(E) (ISSN: 0193-2241)
Author
  • Auerbach, Jon G.
Published
  • Dow Jones &​ Company, Inc., 2000 April 19
Physical Description
  • Newspaper article
Subjects
Target Audience
  • General
  • Trade
Summary
  • International Business Machines Corp. reported a 3% rise in net income for the first quarter, but saw revenue declines across most of its units, with an overall 4% drop in revenue and a 12% drop in computer hardware sales. Net income was reported at $1.52 billion, or 83 cents a diluted share, topping analysts' estimates of 78 cents a share. Experts say the firm added three cents a share to its earnings by means of investment gains and a lowering of interest expense. The company attributed the drop in revenue to the year-2000 computer problem, and expects improved revenue in the second half.
Notes
  • International Business Machines Corp. reported a 3% rise in net income for the first quarter, but saw revenue declines across most of its units, with an overall 4% drop in revenue and a 12% drop in computer hardware sales.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 61576211

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