Fourth-Quarter Earnings, ibm, IBM Profits, Weak Dollar
Fourth-Quarter Earnings, ibm, IBM Profits, Weak Dollar

IBM: Weak Dollar Pushed Profits Up

AP   |   January 14, 2008 08:16 AM

Read More: Fourth-Quarter Earnings, Ibm, IBM Profits, Weak Dollar, Breaking Business News
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Computer server and software maker IBM said Monday its fourth-quarter earnings from continuing operations rose 24 percent from a year ago, beating Wall Street expectations by a wide margin.

The preliminary report, released in advance of its planned earnings report set for Thursday, sent its shares up 8 percent on premarket trading.

IBM said the weaker dollar helped to push revenue up 10 percent.

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- BC33 See Profile I'm a Fan of BC33 permalink

Can someone explain this to me? Is this good news that IBM's profit and stocks are up?

Or is it bad news that the dollar is weaker?

How is this report suppose to be taken in the grand scheme of our economic situation?

    Favorite    Flag as abusive Posted 09:12 AM on 01/14/2008
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