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Investing.com - IBM reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
IBM announced earnings per share of $2.07 on revenue of $20.37B. Analysts polled by Investing.com EPS of $1.81 on revenue of $20.64B.
IBM 's are up 4% and is trading at $127.00 , still down 16.96% from its 52 week high of $158.75 set on Thursday, February 6, 2020.
IBM shares lost 3.66% to trade at $127.00 in after-hours trade the report.
IBM follows other major Technology sector earnings this month
IBM's report follows an earnings beat by Taiwan Semiconductor on Thursday, January 14, 2021, who reported EPS of $0.9851 on revenue of $12.93B, EPS of $0.9362 on revenue of $12.85B.
Intel had beat expectations on Thursday with fourth quarter EPS of $1.52 on revenue of $19.98B, for EPS of $1.1 on revenue of $17.45B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar