IBM's Q4: Thesis Remains Viable

Filed under: Earnings Reports, International Business Machines (IBM), Technology

International Business Machines Corp. (IBM) issued its Q4 report after the bell today. At the time of this writing, shares were up 2.4% to $154.25 on the news in the extended-hours session. So, is IBM a buy at this point? After all, that quote means that the stock has now gone beyond the new 52-week high of $151.47 that was set earlier in the intraday session.



You know, buying high can be scary and ill-advised. Still, I like IBM's prospects. According to the Associated Press, earnings of $4.24 per share went beyond the overall prediction by sixteen pennies. Net sales also impressed.

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IBM's Q4: Thesis Remains Viable originally appeared on BloggingStocks on Tue, 18 Jan 2011 18:00:00 EST. Please see our terms for use of feeds.

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