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IBM Corp | 8-K: IBM Provides Historical Data as a Result of 2024 Segment Reporting Changes

SEC announcement · Mar 18 16:28

IBM -1.05%

Summary by Moomoo AI

IBM Corp has announced an update to its reportable segments which will take effect in the first quarter of 2024. This update is intended to better reflect how the company manages its operations and allocates resources. Despite these changes, there will be no impact on IBM's consolidated results. The company has provided recast historical segment financials for the years 2022 and 2023, along with reconciliations of non-GAAP financial measures to GAAP, which are available on its Investor Relations website. This information, included in Exhibit 99.1 of the Form 8-K filed with the SEC, is furnished and not filed, thus not subject to Section 18 of the Securities Exchange Act of 1934. The announcement was made on February 26, 2024, and the details were officially reported in a Form 8-K filed on March 18, 2024.

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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The information summarized by Moomoo AI is generated automatically by a third-party artificial intelligence (AI) model based on the news content. It does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliated companies. Due to implementation limitations and technological capabilities, the AI-generated information quality may vary. You agree that any action you take upon the information on this page is at your own risk. You further agree that MTI and its affiliated companies shall not be held liable for any losses or damages incurred as a result of your use of the above information.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products and related services available through the moomoo app are offered by including but not limited to the following brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS), Futu Securities International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC), Moomoo Financial Canada Inc. regulated by the Canadian Investment Regulatory Organization (CIRO) and Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC).

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