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Benzinga

Business

Henry Khederian

Why IBM Shares Are Rising

IBM Common Stock (NYSE:IBM) shares are trading higher by around 6% at $137.00 in Monday's after-hours session after the company reported better-than-expected fourth-quarter EPS and sales results.

IBM reported quarterly earnings of $3.35 per share which beat the analyst consensus estimate of $3.14. The company reported quarterly sales of $16.70 billion which beat the analyst consensus estimate of $16.06 billion by roughly 4%.

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