Earnings: IBM Q3 2024 adjusted profit rises on higher revenues

[ad_1] <div data-postid="218547" data-timestamp="2024-10-23 16:44:54" data-userid="0" data-logintype="redirect" data-loginurl="https://news.alphastreet.com/login/?redirect_to=https%3A%2F%2Fnews.alphastreet.com%2Fearnings-ibm-q3-2024-adjusted-profit-rises-on-higher-revenues%2F" data-posttitle="Earnings: IBM Q3 2024 adjusted profit rises on higher revenues" data-removehighlight="Remove your highlight?" data-facebookconfirm="Post this to Facebook?" data-twitterconfirm="Tweet this?" data-permalink="https://news.alphastreet.com/earnings-ibm-q3-2024-adjusted-profit-rises-on-higher-revenues/" data-msghighlighted="You highlighted" data-msgcommented="You highlighted and commented" data-addhighlight="Highlight this selection?" data-addcomment="Comment on this highlight?" data-redirecttopost="Go to this post?" data-addnewcomment="Comment on this selection?" data-labelplacement="right" data-labeloffset="40" data-labeldisplay="["yours","notes","top"]" data-highlightdisplay="all" data-twitterhighlights="1" data-facebookhighlights="1" data-viewingenabled="1" data-commentsview="scroll" data-selectors="{"comment-list":".comment-list","respond":"#respond","cancel-reply":"#cancel-comment-reply-link"}"> Worldwide Enterprise Machines Company (NYSE: IBM) on Wednesday reported a rise in adjusted earnings and revenues for the third quarter of 2024.

Third-quarter revenues got here in at $15.0 billion, in comparison with $14.75 billion within the corresponding interval of 2023. Adjusted earnings from persevering with operations have been $2.30 per share in Q3, in comparison with $2.20 per share a yr earlier.

On an unadjusted foundation, the corporate reported a web lack of $330 billion or $0.36 per share, in comparison with a revenue of $1.70 billion or $1.84 per share within the prior yr quarter.