IBM's incredible third quarter -- would you sell on these numbers?

Filed under: Earnings reports, Microsoft (MSFT), Apple Inc (AAPL), Hewlett-Packard (HPQ), International Business Machines (IBM), Technology

International Business Machines (NYSE: IBM) reported Q3 results after the bell on Thursday. Net sales decreased 7% when compared to the year-ago period. Okay, that doesn't sound like a great start. Wait, though, because things are about to get better from here.

Sales actually increased 1% on a sequential basis. Net profit on a dollar basis went up 14%. Net margin improved. And on a per-share basis, net income jumped 18% to $2.40. According to our earnings preview, this was two pennies ahead of analyst projections.

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IBM's incredible third quarter -- would you sell on these numbers? originally appeared on BloggingStocks on Thu, 15 Oct 2009 17:15:00 EST. Please see our terms for use of feeds.

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