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IBM, Skyworks Post Nice Earnings Beats, AmEx Mixed
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IBM Corporation (IBM - Free Report) , aka "Big Blue," posted a big beat on Q4 earnings results after the bell Thursday. Earnings of $5.01 per share on quarterly sales of $21.77 billion topped the Zacks consensus estimates of $4.89 per share and $21.62 billion, respectively. We are seeing after-hours trades of IBM up 3.3% after a regular trading day that saw IBM move up a mere penny.
Q4 cloud revenue rose 33% year over year. In the earnings press release, the company stated that the "cloud is helping to transform its industries." Overall Strategic Imperatives -- including Big Blue's wonder-brain known as Watson -- went up 14% since a year ago to $1,5 billion in the quarter and $32.8 billion for fiscal 2016. Strategic Imperatives now accounts for 41% of IBM's revenues.
Further, IBM has bumped up fiscal year 2017 guidance from $13.74 per share to $13.80. The Zacks consensus had been just $13.48. The only thing to have come in a little light in its Q4 report is free cash-flow, which reached $11.6 billion. In short, a very good quarter for Big Blue -- its best in at least the past 5 quarters.
Massachusetts-based semiconductor firm Skyworks Solutions (SWKS - Free Report) posted a big beat in its fiscal Q1 2017 earnings report, with earnings of $1.54 per share (accounting for stock-based compensation and other BNRI) on $914.3 million in quarterly sales. These figures topped the $1.48 per share and $902.3 million expected, and rose 9.4% quarter over quarter.
Skyworks reported record cash-flow from operations of $495.9 million, and also guided above consensus for full-year 2017. The company also announced a new share buyback program for $500 million. Shares are up 7.8% in late trading and more than 36% year over year. Skyworks is a Zacks Rank #3 (Hold) stock with a Zacks Style Score (Value/Growth/Momentum) of B.
American Express (AXP - Free Report) has also released results of its Q4 earnings report after the bell today, though these were mixed. Earnings per share of 91 cents missed the Zacks consensus estimate of 98 cents. Revenues in the quarter beat expectations, however: $8.02 billion topped the $7.04 billion in the estimate.
In late trading following the earnings announcement, shares immediately shot down 1.36%. Since then they have bid back up roughly half a percentage point; AXP trades a right around the same level it did 5 days ago.
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IBM, Skyworks Post Nice Earnings Beats, AmEx Mixed
IBM Corporation (IBM - Free Report) , aka "Big Blue," posted a big beat on Q4 earnings results after the bell Thursday. Earnings of $5.01 per share on quarterly sales of $21.77 billion topped the Zacks consensus estimates of $4.89 per share and $21.62 billion, respectively. We are seeing after-hours trades of IBM up 3.3% after a regular trading day that saw IBM move up a mere penny.
Q4 cloud revenue rose 33% year over year. In the earnings press release, the company stated that the "cloud is helping to transform its industries." Overall Strategic Imperatives -- including Big Blue's wonder-brain known as Watson -- went up 14% since a year ago to $1,5 billion in the quarter and $32.8 billion for fiscal 2016. Strategic Imperatives now accounts for 41% of IBM's revenues.
Further, IBM has bumped up fiscal year 2017 guidance from $13.74 per share to $13.80. The Zacks consensus had been just $13.48. The only thing to have come in a little light in its Q4 report is free cash-flow, which reached $11.6 billion. In short, a very good quarter for Big Blue -- its best in at least the past 5 quarters.
Massachusetts-based semiconductor firm Skyworks Solutions (SWKS - Free Report) posted a big beat in its fiscal Q1 2017 earnings report, with earnings of $1.54 per share (accounting for stock-based compensation and other BNRI) on $914.3 million in quarterly sales. These figures topped the $1.48 per share and $902.3 million expected, and rose 9.4% quarter over quarter.
Skyworks reported record cash-flow from operations of $495.9 million, and also guided above consensus for full-year 2017. The company also announced a new share buyback program for $500 million. Shares are up 7.8% in late trading and more than 36% year over year. Skyworks is a Zacks Rank #3 (Hold) stock with a Zacks Style Score (Value/Growth/Momentum) of B.
American Express (AXP - Free Report) has also released results of its Q4 earnings report after the bell today, though these were mixed. Earnings per share of 91 cents missed the Zacks consensus estimate of 98 cents. Revenues in the quarter beat expectations, however: $8.02 billion topped the $7.04 billion in the estimate.
In late trading following the earnings announcement, shares immediately shot down 1.36%. Since then they have bid back up roughly half a percentage point; AXP trades a right around the same level it did 5 days ago.