Investing.com - IBM (NYSE:IBM) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IBM announced earnings per share of $2.18 on revenue of $18.12B. Analysts polled by Investing.com anticipated EPS of $2.08 on revenue of $17.42B.
IBM shares are up 49% from the beginning of the year and are trading at $130.51 , down-from-52-week-high.They are outperforming the S&P 500 which is up 0.66% from the start of the year.
IBM shares gained 3.28% in after-hours trade the report.
IBM follows other major Technology sector earnings this month
IBM's report follows an earnings beat by Taiwan Semiconductor on Wednesday, who reported EPS of $0.79 on revenue of $10.55B, compared to forecasts EPS of $0.72 on revenue of $10.38B.
Accenture had beat expectations on Thursday, June 25, 2020 with third quarter EPS of $1.9 on revenue of $10.99B, compared to forecast for EPS of $1.86 on revenue of $10.72B.
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