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IBM Earnings, Revenue Miss in Q3 -Breaking

by Mike Robinson

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IBM Earnings, Revenue Miss in Q3

Investing.com – IBM (NYSE:) reported on Wednesday third quarter that missed analysts’ forecasts and revenue that fell short of expectations.

IBM announced earnings per share of $2.52 on revenue of $17.62B. Analysts polled by Investing.com anticipated EPS of $2.53 on revenue of $17.78B.

IBM shares are up 19% from the beginning of the year, still down 7.23% from its 52 week high of $152.84 set on June 10. They are under-performing the S&P 500 which is up 20.81% from the start of the year.

IBM shares lost 4.55% in after-hours trade following the report.

IBM follows other major Information Technology sector earnings this month

IBM’s report follows an earnings beat by Accenture on September 23, who reported EPS of $2.2 on revenue of $13.42B, compared to forecasts EPS of $2.19 on revenue of $13.43B.

Micron had beat expectations on September 28 with fourth quarter EPS of $2.42 on revenue of $8.27B, compared to forecast for EPS of $2.33 on revenue of $8.23B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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