IBM rises on third quarter beat
International Business Machines Corporation (IBM) is up 8.2% Wednesday morning. The company reported third-quarter numbers that topped analyst estimates on Tuesday evening. IBM posted adjusted earnings of $3.30 per share, versus the $3.28 estimate. Revenues fell for the 22nd straight quarter to $19.15 billion, but were above the $18.67 billion forecast.
International Business Machines Corporation (IBM) is a diversified technology company.
Abbott Laboratories (ABT) and Northern Trust Corporation (NTRS) top the list of other companies with positive news today, while M&T Bank Corporation (MTB) and Akari Therapeutics, Plc (AKTX) top the list of companies with negative news.
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About International Business Machines Corporation
IBM is an IT behemoth with an operating history of more than a century. The company's offerings span a range of services, software, and hardware. IBM operates on a global scale, with operations in over 170 countries; it generates a little more than half of its revenue outside the Americas. The company has an entrenched position globally within the largest multinational firms, providing an end-to-end portfolio that helps enterprises plan, build, manage, and maintain IT infrastructure, platforms, applications, and services.