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Benzinga
Benzinga
Business
Adam Eckert

IBM Shares Are Surging: Here's Why

International Business Machines Corp (NYSE:IBM) shares are trading higher Wednesday after the company reported better-than-expected financial results.

IBM said first-quarter revenue increased 8% year-over-year to $14.2 billion, which beat the $13.85 billion estimate. The company reported quarterly earnings of $1.40 per share, which beat the estimate of $1.36 per share.

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