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International Business Machines Corp Reaffirms FY 2013 EPS Guidance


Wednesday, 16 Oct 2013 04:04pm EDT 

International Business Machines Corp announced that for fiscal 2013, it expects GAAP diluted earnings per share (EPS) of at least $15.01. Operating (non-GAAP) diluted earnings per share (EPS) expectations remain at least $16.25; and at least $16.90, excluding the second-quarter workforce rebalancing charge of $1.0 billion. Operating (non-GAAP) diluted earnings expectations exclude $1.24 per share of charges for amortization of purchased intangible assets, other acquisition-related charges, and retirement-related charges. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $16.89 for fiscal 2013.