Investing.com - IBM (NYSE:IBM) reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $4.87 on revenue of $21.76B. Analysts polled by Investing.com anticipated EPS of $4.82 on revenue of $21.75B. That compared to EPS of $5.18 on revenue of $22.54B in the same period a year earlier. The company had reported EPS of $3.42 on revenue of $18.76B in the previous quarter.
IBM shares gained 3.30% to trade at $126.53 in after-hours trade following the report.
IBM shares gained 3.30% to trade at $126.53 in after-hours trade following the report.
For the year, IBM shares are up 7.76%, outperforming the S&P 500 which is up 6.73% year to date.
IBM follows other major Technology sector earnings this month
On Thursday, Taiwan Semiconductor reported fourth quarter EPS of $0.63 on revenue of $9.4B, compared to forecasts of EPS of $0.62 on revenue of $9.36B.
Infosys ADR earnings missed analyst's expectations on Friday, January 11, 2019, with third quarter EPS of $0.12 on revenue of $2.99B. Investing.com analysts expected EPS of $0.13 on revenue of $3B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar