IBM earnings 10/19 at 4:05pm

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For Q3 earnings IBM is expected to report revenue of 17.6B with a non-GAAP profit of $2.58 / share. But that’s not the exciting part. Expect to hear more about IBM plans on a spinoff cloud strategy. CEO Arvin’s Krishna said that the company would be “laser focused on the $1 trillion hybrid cloud opportunity.” (Credit: Barron’s) My price target is $135. Good luck and happy trading friends...

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eps $2.58 actual exactly what was expected. No excitement here with future guidance. womp womp..

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