Investing.com - IBM reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
IBM announced earnings per share of $2.52 on revenue of $17.62B. Analysts polled by Investing.com EPS of $2.53 on revenue of $17.78B.
IBM 's are up 19% and is trading at $135.34 , still down 7.23% from its 52 week high of $152.84 set on Thursday, June 10, 2021.
IBM shares lost 4.55% to trade at $135.34 in after-hours trade the report.
IBM follows other major Information Technology sector earnings this month
IBM's report follows an earnings beat by Accenture on Thursday, September 23, 2021, who reported EPS of $2.2 on revenue of $13.42B, EPS of $2.19 on revenue of $13.43B.
Micron had beat expectations on Tuesday, September 28, 2021 with fourth quarter EPS of $2.42 on revenue of $8.27B, for EPS of $2.33 on revenue of $8.23B.
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