Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

IBM Forecasts Sales Of Home Furnishings In Q2 Will Be Higher - Quick Facts

RELATED NEWS
Trade IBM now with 

International Business Machines Corp (IBM: Quote) Friday stated that sales of home furnishings in the second quarter of calendar year 2012 would shoot higher.

Relying on its analytics-based forecast, IBM predicts that in-store sales would increase nearly 8 percent to $23.22 billion and online sales would post an increase of 28.4 percent for the second quarter.

Combined in-store and online sales of home furnishings are expected to grow 16.6 percent in the second quarter, IBM further added.

Click here to receive FREE breaking news email alerts for International Business Machines Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that it swung to a second quarter loss, hurt by higher costs and expenses even as revenue surged 47%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.