Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why IBM Stock Jumped 5% Today

TheMotleyFool

0 0

Shares of International Business Machines (NYSE: IBM) traded 5% higher at 3 p.m. ET, boosted by an impressive earnings report. Big Blue eclipsed Wall Street's targets across the board.

IBM's third-quarter revenue rose 6% year over year to $14.1 billion. Adjusted earnings decreased by 2% to 1.81 per diluted share. Your average analyst would have settled for earnings near $1.77 per share on sales of roughly $13.5 billion.

IBM's management raised its revenue targets for the full year.

Source Fool.com

Like: 0

IBM

Share