IBM looks to lift market with earnings report

Date: Wed, 16 Apr 2008 16:01:04 (GMT)
IBM looks to lift market with earnings report

SAN FRANCISCO
IBM Corp. is slated to report its first-quarter results after the market
closes Wednesday, and Wall Street analysts are expecting Big Blue to
deliver strong results led by its services business and international
sales.

Market Snapshot: U.S. stocks rally on upbeat earnings news

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Write-downs, credit losses cut J.P. Morgan's profit in half

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company booked higher provision for credit losses and wrote down the
value of mortgages and leveraged loans. But the results still beat
expectations, and shares gained in early moves.

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