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pare sia merito degli earnings di ibm, ora cerco la notizia[/img]
 

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NEW YORK (AP) -- IBM Corp.'s third quarter profits dropped 18 percent, but the technology giant still managed to beat Wall Street's earnings expectations by three cents.
IBM reported a profit of $1.31 billion, or 76 cents per share on slightly rising revenues of $19.82 billion in the quarter ended Sept. 30. That compares with year-ago profits of $1.60 billion, or 90 cents per share, and revenues of $19.78 billion.




Excluding discontinued operations -- mainly the company's hard drive business -- IBM reported earnings per share of 99 cents, beating the expectations of Wall Street analysts polled by Thomson First Call, who expected third-quarter earnings of 96 cents a share.

In trading Wednesday on the New York Stock Exchange, shares of IBM fell $3.58, or 5 percent, to close at $64.90. The company reported its earnings after markets closed.

IBM's current earnings report reflects several structural changes that have taken the company away from the business of manufacturing computer hardware and closer toward maintaining it -- the services sector from which most of its revenues now flow.

Earlier this year it announced the reorganization of its older aluminum-based semiconductor works, and transferred much of its PC assembly work to contract manufacturer Sanmina-SCI. IBM is also in the process of selling its hard disk manufacturing business to Japan's Hitachi.

At the same time, IBM bolstered its services arm with the $3.5 billion purchase -- completed in this month -- of PricewaterhouseCoopers' consulting arm, PwC, after announcing the acquisition in July.

IBM has said it expects the acquisition to cut its fourth quarter earnings per share by about 30 cents.

As part of the refocus, IBM said in August that it had laid off more than 15,600 workers, or 5 percent of its global work force, which dropped to about 305,000. Most of the job cuts fell on IBM's Global Services unit, with some workers also laid off in the company's businesses that focus on servers, software and semiconductors.
 

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