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via finance.yahoo.comBusiness & Companies

IBM beats third-quarter estimates on earnings and revenue

FROM THE WIRE · FINANCE.YAHOO.COM

ARMONK, N.Y. (AP) — ARMONK, N.Y. (AP) — International Business Machines Corp. (IBM) on Wednesday reported third-quarter earnings of $2.19 billion. The Armonk, New York-based company said it had profit of $2.30 per share. Earnings, adjusted for costs related to mergers and…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults above consensus on adjusted earnings and revenue can support the IBM stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Adjusted earnings per share were $2.95 versus an estimate of $2.88.
  2. 02Revenue was $17.1 billion against expectations of $16.87 billion.
  3. 03Reported earnings per share were $2.30.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
International Business Machines CorporationIBMStock251.46 USDMarket closedtoday +3.94%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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