S&P 500 rides Apple-led tech rally higher
Investing.com - IBM reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IBM announced earnings per share of $2.31 on revenue of $15.54B. Analysts polled by Investing.com EPS of $2.27 on revenue of $15.09B.
IBM 's are up 3% and is trading at $138.04 , still down 5.39% from its 52 week high of $146.00 set on Monday, October 4, 2021.
IBM shares lost 0.07% to trade at $138.04 in after-hours trade the report.
IBM follows other major Information Technology sector earnings this month
IBM's report follows an earnings beat by Visa A on Wednesday, who reported EPS of $1.79 on revenue of $7.19B, EPS of $1.65 on revenue of $6.83B.
Taiwan Semiconductor had beat expectations on Thursday with second quarter EPS of $1.53 on revenue of $17.87B, for EPS of $1.44 on revenue of $17.68B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar