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IBM Won't Set Profit Goal

As revenues continue to decline, IBM's CEO says the company won't hit its original 2015 EPS target; CFO says they're unlikely to set a replacement goal.

By Alex Barinka, Bloomberg | Updated on November 11, 2014

International Business Machines Corp. doesn’t plan to lock itself into another precise earnings forecast after ditching its long-held goal for 2015 profit.

Chief Financial Officer Martin Schroeter said IBM is unlikely to put in place another “absolute” earnings-per-share (EPS) roadmap. He said there’s still value in laying out the complex company’s strategy for investors.

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