Investing.com - IBM (NYSE:IBM) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IBM announced earnings per share of $2.31 on revenue of $15.54B. Analysts polled by Investing.com anticipated EPS of $2.27 on revenue of $15.09B.
IBM shares are up 3% from the beginning of the year and are trading at $138.04 , down-from-52-week-high.They are outperforming the S&P Global 100 which is down 16.73% from the start of the year.
IBM shares lost 0.07% in after-hours trade after the report.
IBM follows other major Information Technology sector earnings this month
IBM's report follows an earnings beat by Visa A on Wednesday, who reported EPS of $1.79 on revenue of $7.19B, compared to forecasts EPS of $1.65 on revenue of $6.83B.
Taiwan Semiconductor had beat expectations on Thursday with second quarter EPS of $1.53 on revenue of $17.87B, compared to forecast for EPS of $1.44 on revenue of $17.68B.
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