Investing.com - IBM (NYSE:IBM) reported on Monday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
IBM announced earnings per share of $2.58 on revenue of $17.56B. Analysts polled by Investing.com anticipated EPS of $2.58 on revenue of $17.54B.
IBM shares are down 6% from the beginning of the year and are trading at $125.16 , down-from-52-week-high.They are under-performing the Dow Jones which is down 1.2% from the start of the year.
IBM shares lost 0.29% in after-hours trade the report.
IBM follows other major Technology sector earnings this month
IBM's report follows an earnings matched by Taiwan Semiconductor on Wednesday, who reported EPS of $0.92 on revenue of $12.4B, compared to forecasts EPS of $0.92 on revenue of $12.4B.
Accenture had missed expectations on Thursday, September 24, 2020 with fourth quarter EPS of $1.7 on revenue of $10.84B, compared to forecast for EPS of $1.73 on revenue of $10.93B.
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