IBM Earnings Preview: European Return

International Business Machines Corp. (NYSE:IBM) is set to release its earnings report for the three months ended September 30 on Wednesday October 16 after the market closes. Analysts appear to be expecting a mixed quarter from the company, as European demand picks up but overall business remains sluggish.

In anticipation of the earnings report, analysts studying International Business Machines Corp. (NYSE:IBM) were looking for earnings of $3.96 per share by consensus. In the same three months of 2012 the company earned $3.62 per share. Revenues in Wednesday's earnings report are expected to come to $24.8 billion, flat from last...