On Thursday the personal computer company International Business Machines Corp. (NYSE:IBM) reported lower than expected quarterly earnings as it failed to close a number of major deals, especially in United States and Europe. The declining yen also hurt the IBM earnings from Japan. During Friday trade company’s shares reduced 8 % to a three month low of 190.56 US dollars on the New York Stock Exchange. Nearly five analyst firms cut their price targets on IBM Corporation shares.Analysts expect the sluggish earnings from IBM would also result in disappointing earnings for other firms including HP, Dell Inc and EMC Corporation. IBM reported unsatisfactory results in certain hardware segments including high end Unix and storage. For IBM hardware is not essential to the growth of the company while the services business is improving. Services accounted for 60 % of the company’s sales.
Stock Highlights
In last trading activity, International Business Machines Corp. (NYSE:IBM) stock opened at $195.74 hit maximum price of $196.50 throughout the session and ended at $190.00, in premarket shares of IBM.
Revenue Measures
Apple Inc. generated sales of $ 103.24 billion in last twelve months with income of 16.57 billion. The Company showed a positive 16.05% in the net profit margin and its operating margin is calculated as 20.99%. Company’s annual sales growth for the past five years was 1.13%.
IBM past twelve months price to sales ratio was 2.04 and price to cash ratio recorded as 17.59. As far as the returns are concern, IBM return on assets stayed at 14.25% while its return on equity recorded as 83.28%.