It looks like each underlying division was very strong, especially the closely watched imaging division, which is the key to the valuation of the company. In addition, overall margins were better.
More Quotes from Steve Neimeth:
People are probably taking a wait-and-see approach before the Fed, and the market's taking a breather after last week.Steve Neimeth
It looks like a lot of investors made quarter-end adjustments yesterday as they put cash to use at the quarter's end. Today it seems like the economic news wasn't particularly surprising and the energy markets were relatively flat.
Steve Neimeth
In light of Intel's very disappointing earnings, it makes IBM's numbers look that much better and makes it look like a possible safe haven for tech investors.
Steve Neimeth
Good news out of 'mega-cap' companies like Exxon and Wal-Mart is clearly a positive for the market.
Steve Neimeth
The Consumer Price Index came in 'in line' with expectations, which calmed investors. And the Fed commented that they're not particularly concerned about inflation and that they don't seem to be any more aggressive in raising rates.
Steve Neimeth
I think the market will continue to rally as the economic data continues to improve.
Steve Neimeth
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