The Dow Jones Industrial rose slightly as IBM disappointed bulls

Dow Jones Industrial Average continued to rise throughout the day.

In brief: Dow Jones Industrial Average found the fulcrum, IBM lost income due to the weak euro.

The DJIA added 0,56% today. Dow Jones Industrial Average may rise by 1% tomorrow, say the Open Knowledge analysts. Several companies lad the U.S. stock market today with the help of positive reports of statistics.

Quarterly revenues were below projections IBM, Wall Street analysts, as the weakening of the euro had a negative impact on sales abroad. Second quarter earnings International Business Machines Corp rose 2% to $ 23.7 billion average forecast of analysts was $ 24.2 billion. However, net profit slightly exceeded forecasts and rose to $ 3.4 billion, or $ 2.61 per share, compared with $ 3.1 billion, or $ 2.32 per share, in the same period last year. Analysts expected a profit of $ 2.58 per share. The company raised its annual profit forecast to “at least $ 11.25, compared with a minimum of $ 11.20.

Ukrainian Globalist
2010-07-19 21:15, Economics.

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