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IBM third-quarter EPS beats Street, revenue misses

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IBM third-quarter EPS beats Street, revenue misses Empty IBM third-quarter EPS beats Street, revenue misses

Post by Cals Thu 17 Oct 2013, 10:03

IBM third-quarter EPS beats Street, revenue misses
Business & Markets 2013
Written by Reuters   
Thursday, 17 October 2013 05:08
(Oct 17): IBM, the world's largest technology services company, reported third-quarter earnings that beat Wall Street estimates but it missed revenue expectations.
International Business Machines Corp said on Wednesday its quarterly net income rose 6 percent to $4.0 billion, or $3.99 a share on a non-GAAP basis from $3.62 a year earlier, above estimates of $3.96 a share, according to Thomson Reuters I/B/E/S.
Revenue dropped 4 percent to $23.7 billion below average analysts expectations of $24.74 billion.
IBM shares slid 5.2 percent in after-hours trade. - Reuters 
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