IBM reported Q4 FY 2015 earnings of $4.84 per share (versus $5.81 in Q4 FY 2014), beating analysts' consensus of $4.81.
The company's quarterly revenues amounted to $22.059 bln (-8.50% y/y), generally inline with consensus estimate of $22.093 bln.
IBM issued downside guidance for FY 2016, projecting EPS of at least $13.50, well below analysts' consensus estimate of $15.06. The company expects its financials will be negatively impacted by a strong US dollar.
IBM fell to $122.07 (-4.71%) in pre-market trading.