International Business Machines (IBM) this afternoon reported Q4 revenue and earnings per share that topped analysts’ estimates.
Revenue in the three months ended in December rose to $29.3 billion, yielding EPS of $5.39.
Analysts had been modeling $29.1 billion and $5.25 a share.
Revenue from the Americas region was flat with the year-earlier quarter, excluding currency effects, the company said, while Europe, Middle East and Africa revenue fell 5%. Revenue from Asia-Pacific rose 4%.
For this year, the company projects earnings per share, excluding some costs, of “at least” $16.70. that is ahead of the Street consensus of $16.64 per share.
IBM will host a conference call with analysts at 4:30 pm, Eastern time, and you can catch the webcast of it here.
IBM stock is up $7.42, or almost 4%, at $203.50 in late trading.
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