IBM earnings top Wall Street estimates yet revenue declines for a straight fourth quarter with Red Hat driving most revenues. As the company steers into new segments led by mergers & acquisitions, it expects to focus more on its new strategy after spinning off its legacy managed infrastructure services division.
Tag: Earnings Report
UnitedHealth Group Posts Earnings Exceeding Estimates Amid Increasing Medical Costs
UnitedHealth Group released fourth-quarter results Wednesday, topping Wall Street’s estimates of profit and revenue. The increasing medical costs of the Group’s Insurance business UnitedHealthcare were offset by earnings of the Group’s medical services business, Optum. Shares rose slightly in the premarket trading post the earnings release.
Upcoming Week: Major Earnings Reports & IPOs
The newly proposed economic stimulus package brings optimism to the market. Netflix, Intel, and Schlumberger will be posting fourth-quarter earnings this week while several companies are set to go public including MYT Netherlands that aims to raise $266 million.