IBM’s 2015 Earnings Forecast Trails Some Analysts’ Estimates
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IBM forecast 2015 profit that trailed some analysts’ estimates, as Chief Executive Officer Ginni Rometty tries to return the company to growth amid waning demand for services and tumbling hardware sales.
International Business Machines Corp. forecast operating earnings for 2015 of $15.75 a share to $16.50 a share, according to slides in a regulatory filing. Analysts had projected $16.50 on average, and the estimates ranged from $15.17 to $18.55, according to data compiled by Bloomberg.