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