Investing.com - IBM (NYSE:IBM) reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IBM announced earnings per share of $3.35 on revenue of $16.7B. Analysts polled by Investing.com anticipated EPS of $3.3 on revenue of $16.09B.
IBM shares are down 0% from the beginning of the year and are trading at $136.06 , down-from-52-week-high.They are outperforming the S&P 500 which is down 7.4% from the start of the year.
IBM shares gained 5.49% 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 January 13, who reported EPS of $1.16 on revenue of $15.85B, compared to forecasts EPS of $1.12 on revenue of $15.69B.
ASML ADR had beat expectations on Wednesday with fourth quarter EPS of $4.98 on revenue of $5.66B, compared to forecast for EPS of $4.25 on revenue of $5.85B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar