Investing.com - IBM (NYSE:IBM) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IBM announced earnings per share of $1.81 on revenue of $14.11. Analysts polled by Investing.com anticipated EPS of $1.79 on revenue of $13.54B.
IBM shares are down 36.64% from the beginning of the year and are trading at $126.86 , down-from-52-week-high.
IBM shares gained 3.48% 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, October 13, 2022, who reported EPS of $1.79 on revenue of $20.23B, compared to forecasts EPS of $1.65 on revenue of $19.44B.
ASML ADR had beat expectations on Wednesday with third quarter EPS of $4.29 on revenue of $5.78B, compared to forecast for EPS of $3.96 on revenue of $5.68B.
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