Investing.com - IBM (NYSE:IBM) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IBM announced earnings per share of $4.71 on revenue of $21.78B. Analysts polled by Investing.com anticipated EPS of $4.69 on revenue of $21.64B. That compared with EPS of $4.87 on revenue of $21.76B in the same period a year earlier.IBM had reported EPS of $2.68 on revenue of $18.03B in the prior quarter.Analysts are expecting EPS of $2.16 and revenue of $18.49B in the next quarter.
IBM stock's are up 3.77% from the beginning of the year and is trading at $143.54 , down-from-52-week-high.
IBM shares gained 3.19% to trade at $143.54 in after-hours trade after the report.
IBM follows other major Technology sector earnings this month
IBM's report follows an earnings beat by Taiwan Semiconductor on Friday, who reported EPS of $0.75 on revenue of $10.6B, compared with EPS of $0.73 on revenue of $10.5B.
Infosys ADR had beat expectations on Friday, January 10, 2020 with third quarter EPS of $0.15 on revenue of $3.24B, compared with anticipated for EPS of $0.14 on revenue of $3.24B.
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