IBM’s Turnaround is Worth Waiting For
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 21 July 2015
⏱️ 13 minutes
🧾️ Download transcript
Summary
Earnings season continues as the team takes a look at second quarter results from IBM and Traveler’s. Plus they break down what exactly happened at Toshiba, and they talk about the one thing you should be watching for in Apple’s earnings report.
Transcript
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| 0:00.0 | It's Tuesday July 21st. Welcome to Market Foolery. I'm Mark Wreath and joining me in studio today from UK Champion shares Mike Olson and from Motley Fool Pro J.P Bennett. Gentlemen, happy Tuesday. |
| 0:11.8 | Hello, sir. |
| 0:13.0 | Thanks for being here. |
| 0:14.0 | It's a pleasure to see you both. |
| 0:16.0 | It is indeed a pleasure. |
| 0:17.0 | It's always fun when you guys are around. |
| 0:18.0 | We've got plenty to talk about today. |
| 0:20.0 | Earning season continues to roll on. |
| 0:22.0 | We've got a lot of big companies |
| 0:23.4 | reporting. One of the biggest in the computing business, IBM announced second |
| 0:27.6 | quarter results late Monday. Mike, tell us a bit about IBM's quarter. What |
| 0:31.9 | did you see? Do you like it? did you not like it, and why? |
| 0:35.0 | Okay, so this is a quarter that is very ugly on headlines. |
| 0:39.0 | You've got mid-teens revenue declines and mid-teens earnings per share declines. |
| 0:44.0 | A significant part of that is IBM very intelligently shed some of its more commoditized |
| 0:50.4 | server lines last year. |
| 0:52.4 | That makes the year- year over year comparison a bit |
| 0:54.0 | difficult and they also got hit by currency which is sort of a recurrent theme |
| 0:58.3 | among US-centric companies that have a big percentage of international sales. |
| 1:03.0 | When you go out and you look beneath the numbers, |
| 1:05.0 | there still are challenges. |
| 1:06.0 | IBM has been trying to go ahead and transition itself |
... |
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