Investing.com - IBM (NYSE:IBM) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IBM announced earnings per share of $1.4 on revenue of $14.2B. Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $13.88B.
IBM shares are down 3% from the beginning of the year and are trading at $132.91 , down-from-52-week-high.They are outperforming the S&P Global 100 which is down 5.87% from the start of the year.
IBM shares gained 2.78% in after-hours trade the report.
IBM follows other major Information Technology sector earnings this month
IBM's report follows an earnings beat by Taiwan Semiconductor on Thursday, who reported EPS of $1.35 on revenue of $16.94B, compared to forecasts EPS of $1.33 on revenue of $17,430M.
Adobe had beat expectations on Tuesday, March 22, 2022 with first quarter EPS of $3.37 on revenue of $4.26B, compared to forecast for EPS of $3.34 on revenue of $4.24B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar