Earnings, get them while they're HOT: IBM up 47%, Motorola down 45%

Posted Oct 17th 2006 4:26PM by Sarah Gilbert
Filed under: After the Bell, Earnings Reports, Good news, Bad News, Motorola (MOT), International Business Machines (IBM)

In breaking after-market-close results, International Business Machines Corp. (NYSE:IBM)'s third-quarter earnings were up 47% with a 5.1% increase in sales to $22.62 billion; a huge bit of good news for Big Blue.

On the other side of the coin was Motorola, Inc. (NYSE:MOT). Oh, how the mighty mobile company has fallen. Third quarter 2006 earnings for Motorola were down 45%, to 39 cents a share, although you could barely tell from the rosy picture painted by the earnings release; full of optimism about sales at $10.7 billion, up 17% from Q3 2005. We're waiting to see how investors react.

Update: investors were thrilled with IBM and sent stock up after hours to $91.32 from a close of $86.95. Motorola was terrible news and investors sent the stock tumbling to $22.90 from its already-lower close of $24.85.

Tags: 2006, 3q, earnings, earnings release, EarningsRelease, ibm, international business machines, InternationalBusinessMachines, mot, motorola, q3, q3 2006, q3 earnings, Q32006, Q3Earnings, third quarter, third quarter earnings, ThirdQuarter, ThirdQuarterEarnings