IBM CEO Faces Wall Street Skeptics as Growth Proves Elusive
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International Business Machines Corp. Chief Executive Officer Ginni Rometty will face a skeptical audience when she speaks to Wall Street analysts tomorrow.
As she’s worked to revamp the company in a shifting technology industry, Rometty has kept herself bound to IBM’s target of at least $18 a share in adjusted earnings this year -- a number that 60 percent of analysts anticipate the company will miss. After eight consecutive quarters of revenue declines, she must start increasing sales or reduce expenses further to avoid missing the profit goals.