Investing.com – IBM (NYSE:) Tuesday’s first quarter report showed revenue exceeding expectations and beating analysts’ predictions.

IBM declared earnings per share (EPS) of $1.4 on $14.2B revenue. Investing.com polled analysts and predicted EPS at $1.39 for revenue $13.88B.

IBM shares fell 3% over the first year but are up 15.39% from their 52 week high, $152.84, set June 10, 2021. They are outperforming the S&P Global 100 which is down 5.87% from the start of the year.

After-hours trading saw IBM share prices rise by 2.78% following the announcement.

IBM is following other notable earnings in the Information Technology sector this month

IBM’s earnings report comes after Taiwan Semiconductor beat them on Thursday with EPS figures of $1.35 on revenue $16.94B. Forecasts for EPS were $1.33 on revenue $17.430M.

Adobe exceeded expectations in March 22, posting a quarter-end EPS of 3.37 on revenues of $4.26B. This compares to EPS forecasted at $3.34 for revenue of $4.24B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar