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 $2.33 on revenue of $18.75B. Analysts polled by Investing.com anticipated EPS of $2.32 on revenue of $18.29B.
IBM shares are up 9% from the beginning of the year and are trading at $140.75 , down-from-52-week-high.They are under-performing the S&P 500 which is up 13.46% from the start of the year.
IBM shares gained 1.96% in after-hours trade the report.
IBM follows other major Technology sector earnings this month
IBM's report follows an earnings missed by Taiwan Semiconductor on Thursday, who reported EPS of $0.929 on revenue of $13.35B, compared to forecasts EPS of $0.9296 on revenue of $13.23B.
Accenture had beat expectations on Thursday, June 24, 2021 with third quarter EPS of $2.4 on revenue of $13.26B, compared to forecast for EPS of $2.24 on revenue of $12.81B.
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