Shares of IBM (NYSE: IBM) rose 3% during after-hours trading on Wednesday following its third-quarter report. The tech giant's revenue rose 6% year over year (15% in constant currency terms) to $14.1 billion, which beat analysts' estimates by $550 million. Its adjusted earnings dipped 2% to $1.81 per share, but still cleared the consensus forecast by a penny.
Does that earnings beat make IBM a safe stock to buy in this volatile market? Let's review Big Blue's growth over the past year, its progress toward its pre-spinoff promises, and its valuations.
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