Investing.com - IBM reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
IBM announced earnings per share of $2.07 on revenue of $20.37B. Analysts polled by Investing.com anticipated EPS of $1.81 on revenue of $20.64B.
IBM shares are up 4% from the beginning of the year , still down 16.96% from its 52 week high of $158.75 set on Thursday, February 6, 2020. They are outperforming the Dow Jones which is up 1.86% year to date.
IBM shares lost 4.36% in after-hours trade the report.
IBM follows other major Technology sector earnings this month
IBM's report follows an earnings beat by Taiwan Semiconductor on Thursday, January 14, 2021, who reported EPS of $0.9851 on revenue of $12.93B, compared to forecasts EPS of $0.9362 on revenue of $12.85B.
Intel had beat expectations on Thursday with fourth quarter EPS of $1.52 on revenue of $19.98B, compared to forecast for EPS of $1.1 on revenue of $17.45B.
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