Warren Buffett "Periodically" Buys IBM Stock
Looking at International Business Machines Corp.'s (NYSE:IBM) second-quarter earnings is like watching an Airbus "380" in mid-turn. The gigantic company is stuck in the middle of a full-scale transition, but Warren Buffett remains bullish on IBM stock.
The company delivered non-GAAP earnings of $2.95 per share on $20.2 billion of revenue. While the earnings did top estimates, they also continued a 19-quarter streak of declining profits. Analysts were unsurprised, however, because IBM has been.
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Looking at International Business Machines Corp.'s (NYSE:IBM) second-quarter earnings is like watching an Airbus "380" in mid-turn. The gigantic company is stuck in the middle of a full-scale transition, but Warren Buffett remains bullish on IBM stock.
The company delivered non-GAAP earnings of $2.95 per share on $20.2 billion of revenue. While the earnings did top estimates, they also continued a 19-quarter streak of declining profits. Analysts were unsurprised, however, because IBM has been.
Den vollständigen Artikel lesen ...