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IBM Q3 On Tap: Will ‘Strategic Imperatives’ Show Sufficient Growth?

IBM (IBM) kicks off tech earnings season this afternoon, along with Netflix (NFLX), after the closing bell, and analysts are sharpening their models in advance of the report. The Street is, on average, modeling $19 billion in revenue and $3.23 per share in earnings. The outlook for the current quarter stands at $21.77 billion and $4.96 per share. Amit Daryanani with RBC Capital reiterates a Sector Perform rating, and a $165 price target.
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