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IBM Beats; Revenue Down 1% To $29.3B; Net Income Up 6% To $6.1B

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http://techcrunch.com – IBM just released its Q4 2012 financials. The company’s GAAP net income came in at $5.8 billion, up 6% from last year. Non-GAAP net income was $6.1 billion. Overall, the company reported revenue of $29.3 billion, down 1%. Earnings per share were $5.39 compared to $4.71 per share in the fourth quarter of 2011, an increase of 14 percent. Analysts expected double digit growth from IBM. According to Thomson Reuters, IBM was expected to report earnings per share of $5.25, up from $4.71 compared to last year. Analysts also expected an 11% growth rate. Revenue  was supposed to slip 1.2% to $2 (IT news)

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Submitted by linuxgeek on 01/23/2013

Stories similar to IBM Beats; Revenue Down 1% To $29.3B; Net Income Up 6% To $6.1B

eBay just released Q3 earnings this afternoon, reporting earnings per share of $0.55 on revenue of $3.4 billion. Analysts expected EPS of $0.54 and revenue of $3.4 billion for Q3 2012. The company reported third quarter net income on a GAAP basis of $597 million, or $0.45 per diluted share, and non-GAAP net income of $718 million, or $0.55 per diluted share.

IBM just released its Q3 2012 financials. Big Blue’s GAAP earnings came in at $3.8 billion, up 3% from the last quarter. Non-GAAP earnings were $4.2 billion. Overall, the company reported revenue of $24.7 billion, down from $25.8 billion in Q2. Ahead of the earnings release, most analyst expected that Big Blue would report robust earnings.

After posting strong Q4 2012 results in January, eBay once again saw better-than-expected financial results in Q1 2013. Revenue was up 14 percent to $3.7 billion, compared to the same period of 2012. The company reported first quarter net income on a GAAP basis of $677 million, or $0.51 per diluted share, and non-GAAP net income of $829 million, or $0.63 per diluted share.

Google’s earnings for Q3 ending on September 30 leaked in a SEC document. Revenues are up 45 percent compared to Q3 2011 and now represents $14.10 billion. However, GAAP net income is down 20 percent year-over-year to $2.18 billion, or $6.53 per share, compared to $2.73 billion for Q3 2011, or $8.33 per share. Non-GAAP earnings per share is at $9.03 compared to $9.72 year-over-year.

Internet radio service Pandora released its financial results for the Q3 2013, ending October 31 2012. Revenue is up 60 percent compared to Q3 2012 to $120 million. Pandora reported a non-GAAP earnings per share of $0.05. It represents a GAAP net income of $2.052 million. Advertising revenue was $106.3 million, a 61 percent year-over-year increase.

Adobe Systems reported third quarter earnings, missing analyst expectations. Adobe’s revenue came in at $1.08 billion, up 7 percent from the same quarter last year (analysts expected sales of $1.1 billion). Earnings were $0.58 on a non-GAAP basis ($0.40 on a GAAP-basis), which is inline with what Wall Street expected.

Intel just reported its third quarter 2012 earnings with revenues of $13.5 billion, flat compared to the prior year. Intel’s net income was $3 billion, up 5.1% compared to last year. Operating income was $3.8 billion, flat compared to a year ago. Its earnings per share were at $0.58 cents per share, a 7.4% increase from last year.

HP’s earnings for Q4 ending on October 31 show a gloomy quarter. Revenue is down 7 percent to $30 billion compared to Q4 2011. But the real problem comes from GAAP net income, with a net loss of $6.9 billion, or $3.49 per share, compared to a slim net profit of $0.2 billion for Q4 2011. Non-GAAP diluted earnings per share is at $1.16 compared to $1.17 year-over-year.

After last quarter’s accidental midday earnings leak, which sent its stock price down and halted trading, Google released its Q4 2012 earnings today right on schedule. But that’s not to say there wasn’t any confusion this time around. For Q4 2012, the company reported revenues of $14.42 billion for the quarter ending Dec.