Investing.com - IBM (NYSE: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 anticipated EPS of $2.53 on revenue of $17.78B.
IBM shares are up 19% from the beginning of the year and are trading at $135.34 , down-from-52-week-high.They are under-performing the S&P 500 which is up 20.81% from the start of the year.
IBM shares lost 4.55% 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 September 23, who reported EPS of $2.2 on revenue of $13.42B, compared to forecasts EPS of $2.19 on revenue of $13.43B.
Micron had beat expectations on September 28 with fourth quarter EPS of $2.42 on revenue of $8.27B, compared to forecast for EPS of $2.33 on revenue of $8.23B.
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