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Investing.com - IBM reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IBM announced earnings per share of $1.81 on revenue of $14.11. Analysts polled by Investing.com EPS of $1.79 on revenue of $13.54B.
IBM 's are down 36.64% and is trading at $126.86 , still down 15.30% from its 52 week high of $144.73 set on Monday, June 6, 2022.
IBM shares gained 3.48% to trade at $126.86 in after-hours trade the report.
IBM follows other major Information Technology sector earnings this month
IBM's report follows an earnings beat by Taiwan Semiconductor on Thursday, October 13, 2022, who reported EPS of $1.79 on revenue of $20.23B, EPS of $1.65 on revenue of $19.44B.
ASML ADR had beat expectations on Wednesday with third quarter EPS of $4.29 on revenue of $5.78B, for EPS of $3.96 on revenue of $5.68B.
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