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Ibm Reports Better-Than-Expected Fourth-Quarter Results; Forecast Beats

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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FILE PHOTO - A woman passes by the IBM offices in New York(Reuters) - International Business Machines Corp forecast full-year earnings above Wall Street estimates and reported better-than-expected quarterly revenue, helped by growth in newer areas such as cloud-based services and analytics. IBM's shares were up 2.9 percent at $171.64 in after-hours trading on Thursday. The Armonk, New York-based company forecast adjusted earnings of at least $13.80 per share for fiscal 2017, beating the average analyst estimate of $13.74, according to Thomson Reuters I/B/E/S. ...




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