Friday, January 20, 2017

IBM & PG Earnings

International Business Machines released Q4'16 results with EPS of $4.73 on revenues of $21.8 billion.  Strategic Imperatives now represent 41% of sales at $32.6 billion for the year, and were up 13%. The company earned $12.39 for the year on revenues of $79.9 billion. The company gave 2017 EPS guidance for GAAP EPS of $11.95 & Non-GAAP $13.80. The shares are trading up around 1% today to $168

For perspective sake I'd like to take a look at IBM's historical revenue, EPS, and dividend figures for since 2011. Despite revenues falling off nearly $26 billion in the last five years, the company has managed to keep raising it's dividend payout, and keeping its EPS is only down 13% since it's 2012 high.


            EPS   Revenue(bil) Dividend
2011- $13.06   $106.90         $3.00
2012- $14.37   $102.80         $3.40
2013- $14.94   $98.30           $3.80
2014- $11.90   $92.70           $4.40
2015- $13.42   $81.70           $5.20
2016- $12.39   $79.90           $5.60

Procter & Gamble(PG) reported Q2'17 results with EPS of $2.88 on revenues of $16.9 billion. The stock is trading up 2.7% to $89/share.  You can read the press release here.http://www.pginvestor.com/file/Index?KeyFile=37611831

Sorry for the brevity today.


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