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Jim Kavanaugh: WWT Will Add Over 1,000 New Jobs In 2021
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Author Bio
James Brumley is former stockbroker with a large Wall Street firm, and a former trading analyst for a small, options-based newsletter. After twenty years of professional experience in and around the market, his approach is one that combines fundamentals, sentiment, and common sense. It s also an approach that respects this John Keynes reality: The market isn t always rational. Follow @jbrumley
Analysts more or less knew
International Business Machines (NYSE:IBM) was going to post lackluster fourth-quarter numbers. But they underestimated just how tough things were during the three-month stretch ending in December.
Revenue not only fell 6% year over year, to $20.4 billion, but it fell short of the consensus estimate of $20.7 billion. Earnings, at $2.07 per share, technically topped expectations of $1.79, but it s a dubious win. Profits were still down from the year-earlier figure of $4.71 per share. Despite the company s relatively