Investing.com - IBM (NYSE:IBM) reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $4.71 on revenue of $21.78B. Analysts polled by Investing.com forecast EPS of $4.69 on revenue of $21.64B. That compared to EPS of $4.87 on revenue of $21.76B in the same period a year earlier. The company had reported EPS of $2.68 on revenue of $18.03B in the previous quarter.
IBM shares gained 3.19% to trade at $143.54 in after-hours trade following the report.
For the year, IBM shares are up 3.77%, outperforming the S&P 500 which is up 2.32% year to date.
IBM follows other major Technology sector earnings this month
On Friday, Taiwan Semiconductor reported fourth quarter EPS of $0.75 on revenue of $10.6B, compared to forecasts of EPS of $0.73 on revenue of $10.5B.
Infosys ADR earnings beat analyst's expectations on January 10, with third quarter EPS of $0.15 on revenue of $3.24B. Investing.com analysts expected EPS of $0.14 on revenue of $3.24B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar